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Discretion Of NCLT In Section 7 Of IBC Is Beyond The Parameters Of Debt And Default

Discretion Of NCLT In Section 7 Of IBC Is Beyond The Parameters Of Debt And Default

"It is certainly not the object of the IBC to penalize solvent companies, temporarily defaulting in repayment of its financial debts, by initiation of CIRP. - Ms. Indira Banerjee & Mr....

16 Sep 2022 2:50 PM GMT
Supreme Court – NCLT Vested With Discretionary Powers While Adjudicating An Application Under S. 7 Of The IBC

Supreme Court – NCLT Vested With Discretionary Powers While Adjudicating An Application Under S. 7 Of The IBC

In a recent ruling in Vidarbha Industries Power Limited v. Axis Bank Limited[1], the Supreme Court has held that the Adjudicating Authority while examining the existence of debt and default by a...

25 July 2022 7:24 AM GMT