Query Lega

IBC lawyer

Pending Suits Against Either of The Parties Is No Basis Of Halting The Insolvency Proceedings U/S 7 OF THE IBC

The National Company Law Appellate Tribunal (NCLAT) has yet again come out with an elemental judgment concerning the initiation of proceedings under the Insolvency and Bankruptcy Code, 2016 (IBC).    This time the judgment revolves around the corporate debtor (CD) and the Financial Creditor (FC) and the crux of it remains that a suit pending…

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