Suspended Board Can't Appoint Resolution Pro: NCLAT

In a case involving SLO Industrial Ltd, the Chennai bench of the NCLAT consisting of M Venugopal and Kanthi Narahari said the power to do so has only been vested in the committee of creditors (CoC) and then the adjudicating authority.

from Economy-News-Economic Times https://ift.tt/WIsTCl7
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