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Home Highlights September 2020 Year 2020 This

Maintainability of CIRP application - NCLAT set aside the order ...

Case Laws     Insolvency and Bankruptcy

September 16, 2020

Maintainability of CIRP application - NCLAT set aside the order of NCLT on the ground that applicant failed to prove that there was an outstanding amount - The NCLAT, when it dealt with the NCLT order, wrongly recorded that documents which were already rejected by the adjudicating authority could not have been the basis of the order of admission. - The NCLAT is wrong on all the counts - SC

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