Non Cooperation of CocC Members and Suspended Management against Liquidator: NCLT Directs to Cooperate with Liquidator

The NCLT has directed the "suspended management and Committee of Creditors (CoC) members to cooperate with the liquidator" after finding evidence of non-cooperation. The tribunal's intervention was necessary to ensure the smooth functioning of the liquidation process under the IBC. The order reaffirms the legal obligations of all stakeholders to assist the liquidator in the efficient and timely conclusion of the liquidation proceedings, thereby upholding the principles of the Insolvency and Bankruptcy Code.