Loan Recall Notice not Relevant Date of Default under IBC: NCLAT

Loan Recall Notice not Relevant Date of Default under IBC, rules NCLAT
NCLAT - Loan Recall Notice - IBC - Insolvency and Bankruptcy Code - Taxscan

The New Delhi Bench of the National Company Law Appellate Tribunal ( NCLAT ) held that the Loan Recall Notice is not relevant date of default under the Insolvency and Bankruptcy Code, 2016 (IBC). The present Appeal has been preferred under Section 61 of the Insolvency and Bankruptcy Code, 2016 (hereinafter referred to as the…

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