Can an application under Section 73 of the IBC be filed after dissolution of the Corporate Debtor under Section 54 of the Code? – New India Color Company Ltd. Vs. Samtex Desinz Pvt. Ltd. (In CIRP) and Anr. – NCLAT New Delhi
January 21, 2025
The Hon’ble NCLAT held that since the Corporate Debtor has already been dissolved, the present appeal, against the order passed by NCLT by which an IA filed by the Appellant under Section 60(5) r/w Section 73 of the IBC has been dismissed, has become infructuous.