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IBC - Highlights / Catch Notes

Home Highlights August 2019 Year 2019 This

Section 14 of the IBC - admission or stay of counter claim - the ...

Case Laws     Insolvency and Bankruptcy

August 22, 2019

Section 14 of the IBC - admission or stay of counter claim - the Court has to see whether the purpose and intent behind the imposition of moratorium is being satisfied or defeated. A blinkered approach cannot be followed and the Court cannot blindly stay the counter claim and refer the defendant to the NCLT/RP for filing its claims.

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