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S.7 IBC Application Cannot Be Rejected On Account Of Usurious Penal Interest Governed By Usurious Loans Act: NCLAT [Read Judgment]

S.7 IBC Application Cannot Be Rejected On Account Of "Usurious Penal Interest" Governed By Usurious Loans Act: NCLAT [Read Judgment]

The National Company Law Appellate Tribunal (NCLAT) has held that an application under Section 7 of the Insolvency and Bankruptcy Code, 2016 cannot be rejected on the ground of 'usurious and...

4 Dec 2018 8:26 AM GMT
IBC: Pendency Of Case U/S 138 & 141 NI Act Amounts To Admission Of Debt, Not Existence Of Dispute: NCLAT

IBC: Pendency Of Case U/S 138 & 141 NI Act Amounts To Admission Of Debt, Not Existence Of Dispute: NCLAT

The National Company Law Appellate Tribunal (NCLAT) has held that pendency of proceedings under Section 138/441 of the Negotiable Instruments Act, 1881 cannot be considered as a dispute pending before ...

23 Nov 2018 10:27 AM GMT