Bank Can Classify Corporate Debtor's Account As Fraud During CIRP, Such Classification Is Not Hit By S.14 Of IBC: NCLT Mumbai
Mohd Malik Chauhan
29 July 2025 1:50 PM IST

Next Story
29 July 2025 1:50 PM IST
The National Company Law Tribunal (NCLT) Mumbai bench of Sh. Prabhat Kumar (Technical Member) and Justice Virendrasingh Bisht (Retd.) (Judicial Member) has held that a bank is empowered to classify the account of the Corporate Debtor as fraud even during the currency of the CIRP and such classification is not hit by section 14 of the IBC. The present application has been...
Your support helps us to bring you more content at
an affordable subscription scheme !!!
All payment options available
