Claim on Goods not in Possession of Port Authority cannot be treated as Secured Creditor under IBC: NCLAT
Claim on Goods not in Possession of Port Authority cannot be Treated as Secured Creditor under IBC, rules NCLAT
By Kalyani B. Nair - On January 19, 2024 5:33 pm - 2 mins read
The Chennai Bench of the National Company Law Appellate Tribunal ( NCLAT ) ruled that the claim on goods not in possession of port authority cannot be treated as secured creditor under the Insolvency and Bankruptcy Code, 2016 ( IBC ). The appeal is directed against the order by which an application filed under Section…
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