Relief BOI, NCLT Directs to Admit CIRP When Statutory Criteria u/s 7 of IBC Is Satisfied [Read Order]

The Tribunal reiterated that the existence of an arbitral award in favour of the Corporate Debtor did not bar the admission of the CIRP petition

By Yogitha S. Yogesh - On November 25, 2024 4:49 pm - 3 mins read

NCLT - NCLT Mumbai - National Company Law Tribunal - IBC - Section 7 IBC 2016 - TAXSCAN

The National Company Law Tribunal ( NCLT ), Mumbai bench directed to admit Cooperate Insolvency Resolution Proceedings ( CIRP ) when statutory criteria under section 7 of Insolvency Bankruptcy Code ( IBC ), 2016 is satisfied. The Tribunal reiterated that the existence of an arbitral award in favour of the Corporate Debtor did not bar…

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