Recall Notice issued during Cut-Off Period  Specified u/s 10A doesn’t Defer Date of Default If Default Occurred before Cut-Off Period: NCLAT [Read Order]

The Tribunal held that Section 10A would not be applicable because the date of default occurred much before 25.03.2020.
By Yogitha S. Yogesh - On November 13, 2024 12:10 pm - 2 mins read
NCLAT - NCLAT New Delhi - Recall Notice - Recall Notice Issued - Cut-Off Period - section 10A of the Insolvency Bankruptcy Code - Insolvency Bankruptcy Code - taxscan

The National Company Law Appellate Tribunal (NCLAT), New Delhi has held that recall notice issued during cut-off period  specified under section 10A of the Insolvency Bankruptcy Code (IBC), 2016 doesn’t defer date of default if default occurred before cut-off period. The Tribunal held that the application under section 7 of the Insolvency & Bankruptcy Code…

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