Debt

378057 nclat

Viability Of Corporate Debtor Can’t Be Considered While Deciding Petition U/S 7 Of IBC Once Debt & Default Are Established: NCLAT

Amit Kapoor015 mins

The Nationwide Firm Legislation Appellate Tribunal (NCLAT) New Delhi bench of Justice Ashok Bhushan (Judicial Member) and Mr. Arun Baroka (Technical Member) has held that an utility underneath part 7 of the Insolvency and Chapter Code, 2016 can’t be rejected solely on the bottom that the company debtor is a viable entity and that initiating…

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Limitation Period For Filing Application U/S 95 Of IBC Against Personal Guarantor Stands Extended By Acknowledgement Of Debt: NCLAT

Limitation Period For Filing Application U/S 95 Of IBC Against Personal Guarantor Stands Extended By Acknowledgement Of Debt: NCLAT

Amit Kapoor08 mins

The Nationwide Firm Legislation Appellate Tribunal (NCLAT) New Delhi bench comprising Justice Rakesh Kumar Jain (Judicial Member), Mr. Naresh Salecha (Technical Member) and Mr. Indevar Pandey (Technical Member) has held that the limitation interval for submitting an software beneath Part 95 of the Insolvency and Chapter Code, 2016 (“the Code”) by a creditor towards a…

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