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NCLAT Initiates Suo Motu Contempt Proceedings Against Resolution Professional for Alleged Defiance of Interim Stay

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The Chennai Bench of the National Company Law Appellate Tribunal (NCLAT) commenced suo motu contempt proceedings against a resolution professional, observing that he had allegedly attempted to sidestep and effectively neutralise an interim order passed by the appellate tribunal. The proceedings arise from allegations that the interim resolution professional (IRP) sought to continue exercising control…

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Mariya Paliwala
Mariya Paliwalahttps://www.jurishour.in/
Mariya is the Senior Editor at Juris Hour. She has 7+ years of experience on covering tax litigation stories from the Supreme Court, High Courts and various tribunals including CESTAT, ITAT, NCLAT, NCLT, etc. Mariya graduated from MLSU Law College, Udaipur (Raj.) with B.A.LL.B. and also holds an LL.M. She started her career as a freelance tax reporter in the leading online legal news companies.

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