Non -implementation of Resolution Plan: remedies available to the Creditors

Most Creditors heave a sigh of relief once the National Company Law Tribunal approves the Resolution Plan (“Plan”). However, the actual trouble for the creditors begin after approval of the Plan. It is increasingly seen that most Resolution Plans are not complied with resulting in loss of time/resources for the creditors and consequent liquidation ofContinue reading “Non -implementation of Resolution Plan: remedies available to the Creditors”