NCLAT New Delhi: Objective Of IBC Is To Revive Corporate Debtor And Liquidation Is The Last Resort

The National Company Law Appellate Tribunal (“NCLAT”), Principal Bench, New Delhi comprising of Justice Ashok Bhushan (Chairperson), Mr. Barun Mitra Dash (Technical Member), and Arun Baroka (Technical Member), allowed the appeals filed in Gayatri Polyrub Pvt. Ltd. vs. Anil Kohli & Anr.. The Tribunal setting aside the order dated 15.03.2023 held that the objective of the...