The Hon’ble NCLAT in the matter of SBI Versus Metenere Limited (judgment dated 22.05.2020) has upheld the order passed by the NCLT (Principal Bench), New Delhi vide which the NCLT directed SBI to substitute IRP since he had worked with SBI for 39 years and retired as the Chief General Manager in 2016. The Corporate … Continue reading Ex-employee of the Financial Creditor not permitted to act as Interim Resolution Professional: NCLAT Orders