NCLAT directs to pay the Amount Deposited to the Court as per Consent Term to Financial Creditor [Read Order]

By Yogitha S. Yogesh - On May 23, 2023 10:30 am - 2 mins read

NCLAT directs to pay the Amount Deposited to the Court - Amount Deposited to the Court as per Consent Term to Financial Creditor - NCLAT - Amount Deposited - Court - Financial Creditor - Taxscan

The Principal Bench of the National Company Law Appellate Tribunal (NCLAT) directed to pay the amount deposited to the court as per consent terms to the financial creditor. Bhagwandas R. Bhattad, the appellant challenged the order by which Adjudicating Authority has admitted Section 7 application on IA No. 1621/2023. Section 7 application was filed by the …

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