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NCLT Clarifies Distinction Between Section 236 Prosecution and CIRP Timelines, Favoring Resolution Professional Despite Initial Cost Imposition.

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....Right of the Resolution Professional - Non-cooperation by the Directors of Corporate Debtor - NCLT rejected the application of RP with cost of Rs. 25000/-- non-application of mind by the Adjudicating Authority - The prosecution under Section 236 is a different aspect from running a CIRP as per timeline prescribed in the IBC. - Decided in favor of RP - AT....

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