Application u/s 7 of IBC Acceptable as Exist of Financial Debt and Default: NCLAT [Read Order]

Application us 7 of IBC Acceptable - as Exist of Financial Debt and Default - NCLT - TAXSCAN

The National Company Law Appellate Tribunal, New Delhi has held that the application under section 7 of the Insolvency and Bankruptcy Code (IBC) is acceptable as exist of financial debt and default. Naresh Kumar Aggarwal, Shareholder of the Corporate Debtor has filed a challengeto the order passed by the Adjudicating Authority (National Company Law Tribunal),…

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