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HomeCompany & PMLANCLT Allows Reliefs to Successful Bidder in Going Concern Sale of Company...

NCLT Allows Reliefs to Successful Bidder in Going Concern Sale of Company Under Liquidation

Company & PMLA

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By Mariya Paliwala
NCLT

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The National Company Law Tribunal (NCLT), Ahmedabad Bench, has granted reliefs and concessions to the successful bidder that acquired a corporate debtor as a going concern during liquidation, observing that such reliefs are necessary to ensure effective revival and continued operation of the company. The bench of Chitra Hankare  (Judicial  Member) and Dr. V. G….

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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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