NCLT rules that the requirement of satisfying the minimum threshold will be applicable to any amount raised from allottee
The Chandigarh Bench of the National Company Law Tribunal ( NCLT ) observed that the requirement of satisfying the minimum threshold will be applicable to any amount raised from allottee. The present petition has been filed by Mr.Tek Chand Narula, ( “Applicant/Financial Creditor” ) under Section 7 of the Insolvency and Bankruptcy Code, 2016, seeking…
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