Mumbai: The National Company Law Tribunal (NCLT) on Friday allowed the resolution professional’s plea seeking protection from any action for his inability to immediately take steps under the insolvency code in deceased art director Nitin Desais ND’s Art Worlds insolvency case.
In his petition before the NCLT, Nausher Kohli, counsel representing the resolution professional of ND’s Art World, said that owing to the sensitivity involved in the matter, the resolution professional will only be able to take necessary steps in discharge of his duties as required to be undertaken under the insolvency code after normalcy is restored”.
Kohli informed the NCLT that the petition has been filed by the resolution professional praying that the …
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