Termination of Concession Agreement does not Discharge Corporate Debtor’s Obligation to Repay: NCLAT [Read Order]
In a recent case, the New Delhi bench of the National Company Law Appellate Tribunal (NCLAT) has held that termination of a Concession Agreement does not discharge the Corporate Debtor‘s liability to repay when such termination has no relation to the default committed by the Corporate Debtor. The suspended director of the Corporate Debtor (CD)…

