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

To liquidate or not to liquidate: In most cases, the Creditors stand to gain more than the liquidation value when the Resolution Plan is implemented making the option of seeking liquidation of the corporate debtor impractical. Thus, the other options available to a creditor are: Invocation of performance security.  Seeking Directions from the NCLT. ContemptContinue reading “Non -implementation of Resolution Plan: remedies available to the Creditors”