NCLAT Judgment Gives Respite To companies,Eases Way To Exit Insolvency Process [Read Order]

The National Company Law Appellate Tribunal (NCLAT) has paved the way for companies to exit ongoing corporate insolvency resolution process (CIRP) under the Insolvency and Bankruptcy Code (IBC) even when an interim resolution professional has been appointed and a moratorium period imposed. The Principal bench headed by Acting Chairperson Justice Bansi Lal Bhat, Justice Anant Bijay...