The NCLAT held that the proceedings u/s 7 of the I&B Code were ...

NCLAT rules Section 7 insolvency proceedings not time-barred due to debt acknowledgment in balance sheets and compromise memorandum.

January 11, 2025

Case Laws IBC AT

The NCLAT held that the proceedings u/s 7 of the I&B Code were not barred by limitation. The acknowledgment of debt in the balance sheets and the Memorandum of Compromise extended the limitation period, validating the Section 7 application. The appeal was dismissed.

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The NCLAT held that the proceedings u/s 7 of the I&B Code were ...

NCLAT rules Section 7 insolvency proceedings not time-barred due to debt acknowledgment in balance sheets and compromise memorandum.

January 11, 2025

Case Laws IBC AT

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