VR Logo

Sterling Biotech: Order Of National Company Law Appellate Tribunal New Delhi - I.A No. 2787 Of 2019 IN Company Appeal (AT) (Insolvency) No. 612 Of 2019

Value Research Stock Advisor has just released a new stock recommendation. You can click here to learn more about this premium service, and get immediate access to the live recommendations, plus new ones as soon as they are issued.

With reference to the subject matter enclosed herewith please find the Order of National Company Law Appellate Tribunal New Delhi in I.A No. 2787 of 2019 in Company Appeal (AT) (Insolvency) No. 612 of 2019 received on 19th November 2019 wherein NCLAT has stated that Resolution Professional to continue till the process is completed under Section 12A for a period of another 30 days. In case the amount is not paid within 30 days and order of liquidation is restored the Liquidator appointed by Adjudicating Authority will continue.

You are requested to take the same on record.

Click here to view PDF