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NCLAT REITERATES RETROSPECTIVE EFFECT OF INELIGIBILITY CRITERIA OF RESOLUTION APPLICANT

The Hon’ble National Company Law Appellate Tribunal (‘#NCLAT’) in the case of Martin S.K. Golla vs. Wig Associates Pvt. Ltd. [CA (AT) (Ins.) No. 121/2019], vide its Judgment dated 04-06-2021 held that #ineligibility to submit #resolutionplan under #Section29A of the Insolvency and Bankruptcy Code, 2016 (‘#IBC’) attaches at the time when the resolution plan is submitted by #resolutionapplicant.


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https://theindianlawyer.in/nclat-reiterates-retrospective-effect-of-ineligibility-criteria-of-resolution-applicant/


#nclat #retrospective #ibc #section29A #resolutionplan

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