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OTS Being Under Consideration Does Not Invalidate An Order For Liquidation: NCLAT Delhi
Pallavi Mishra
1 Sept 2022 9:30 AM IST
The National Company Law Appellate Tribunal ("NCLAT"), Principal Bench, comprising of Justice Ashok Bhushan (Chairperson), Justice M. Satyanarayana Murthy (Judicial Member) and Mr. Barun Mitra (Technical Member), while adjudicating an appeal filed in Ram Bhaj Jain v Tarun Batra & Anr., has held that mere fact that the Corporate Debtor's One Time Settlement was under consideration,...
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