We are pleased to share with you a copy of our newsletter "Between the Lines", February 2020, a briefing on legal matters of current interest.
Below are the key highlights of the newsletter:
- Supreme Court: No provision under the IBC requiring the resolution plan to match liquidation value; and an approved resolution plan cannot be withdrawn under Section 12A of the IBC
- NCLAT: No default by real estate developer if possession delayed due to reasons beyond control
- Supreme Court: Provident Fund benefits payable to contractual employees from date of filing writ petition and not retrospectively
- NCLT: Automatic waiver of legal proceedings is not permitted in a resolution plan
We trust that you will find the same useful.
Looking forward to receiving your valuable feedback.
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The content of this article is intended to provide a general guide to the subject matter. Specialist professional advice should be sought about your specific circumstances. The views expressed in this article are solely of the authors of this article.