• NCLT approves of resolution plan approved by CoC as it was in accordance with law
• IBBI invites expression of interest from Insolvency Professionals to act as IRP, Liquidators, and Bank Trustees
• After approval of resolution plan, Resolution Professional has no locus to maintain application filed u/s 43: NCLT
• IBBI extends due date for submission of ‘Expression of Interest’ up to June 25, 2021
• NCLT rejects application of resolution professional u/s 66 for failure to establish fraudulent intention of respondents
• NCLT orders initiation of CIRP against corporate debtor on default in payment of import and export shipment service
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