No Settlement can be directed by way of Order under IBC: NCLAT [Read Order]

No Settlement - IBC - No Settlement can be directed by way of Order under IBC - NCLAT - taxscan

The National Company Law Appellate Tribunal (NCLAT) has held that any kind of settlement cannot be directed by way of Order under Insolvency and Bankruptcy Code, 2016 (IBC). A bunch of company appeals filed challenging the Impugned Order passed by the ‘Adjudicating Authority’ which has allowed the Application filed by the ‘Resolution Professional’ under Section…

Your free access to Taxscan has Expired

To read the article, get a premium account.

Taxscan Premium

Why should you subscribe?
  • Enjoy our website without interruptions from advertisements
  • Receive Daily newsletters
  • Receive realtime Telegram/Whatsapp news updates
  • Download original Judgements / Order / Notifications / Circulars, etc
  • Enjoy exclusive entry fees to Simplified series. (Webinars, Seminars, masterclasses, etc.)
  ₹2299 + GST for 1 year

Subscribe Now

Already a member? Log in here
taxscan-loader