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Corporate debtor was to be liquidated when resolution plan was discriminatory in nature: NCLT

March 19, 2019[2019] 104 329 (NCLT - New Delhi)

IBC: Where RP bypassed procedure of calling a CoC meeting to discuss resolution plan in its final form and said resolution plan was discriminating between creditors, also, application for approval of resolution plan was submitted under section 30 after expiry of CIRP period of 270 days, said application was to be dismissed and corporate debtor was to be liquidated

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