NCLAT Declares Transactions Fraudulent U/S 66 Of IBC Due To Corporate Debtor’s Failure To Diligently Negotiate One-Sided Clause In MOU
The Nationwide Firm Legislation Appellate Tribunal (NCLAT) New Delhi bench of Justice Rakesh Kumar Jain (Judicial Member), Justice Mohammad Faiz Alam Khan and Mr. Naresh Salecha (Technical Member) has held {that a} full give up on the a part of the company debtor to barter the phrases of the Memorandum of Understanding, by which the…