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…

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.)
  ₹1199 + GST for 1 year

Subscribe Now

taxscan-loader