Partial Payments do not Absolve CD From Default Status: NCLAT [Read Order]

Partial Payments do not Absolve CD From Default Status, rules NCLAT
NCLAT - NCLAT Delhi - Partial Payments - Tax news - Corporate Debtor - Taxscan

A three-member bench of the New Delhi Bench of the National Company Law Appellate Tribunal ( NCLAT ) held that the partial payments do not absolve the corporate debtor ( CD ) from the default status. The Respondent, a Financial Creditor, filed an Application with the NCLT seeking insolvency proceedings against the Appellant, a Corporate…

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