V. Ravichandran Vs. Indian Overseas Bank & Anr – NCLAT

NCLAT directed that the Interim Resolution Professional will not issue any publication, if not already issued, and, will not constitute COC, if not yet constituted till 10th October, 2019. The Appellant is given chance to clear all
the dues of Respondent No.1 by 10th October, 2019. If the dues are cleared by 10th October, 2019, the Appellant and Respondent No.1 would be at liberty to move the Adjudicating Authority for suitable orders under Rule 11 of the National Company Law Tribunal Rules, 2016 to close the proceedings.

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