The NCLT order, dated December 7, explicitly stated that the resolution professional is authorised to sell the company s assets after submitting the resolution plan for tribunal approval.
The filing attached an order of the National Company Law Tribunal s Mumbai bench in the matter of application filed by the resolution professional of Reliance Communications (RCom), seeking approval from the NCLT for undertaking the sale of certain unencumbered assets of the company.
RCom: Resolution professional can sell assets of the company after submission of the resolution plan for approval by the tribunal, according to the order.
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Reliance Communications: Resolution professional can sell assets of the company after submission of the resolution plan for approval by the tribunal, according to the order.