Sec 29-A of Insolvency and Bankruptcy code 2016 for submission of revised resolution plans by existing applicants permitted under Article 142 of the Constitution of India in an extraordinary situation
Held, Subclause (7) of Regulation 36-B inserted with effect from 4-7-2018, dealing with the request for resolution plans unambiguously postulates that the resolution professional may, with the approval of the Committee, reissue the request for resolution plans, if the resolution plans received in response to an earlier request are not satisfactory, subject to the condition […]