Suspension of CIRP u/s 10A of IBC applies to Due Defaulted on 31/3/2020: NCLAT allows Appeal [Read Order]

Suspension of CIRP - CIRP - IBC - NCLAT allows Appeal - NCLAT - Appeal - Suspension - Taxscan

The Chennai bench of the National Company Law Appellate Tribunal( NCLAT ) held that the Suspension of Corporate Insolvency Resolution Process (CIRP) under section 10A of The Insolvency And Bankruptcy Code, 2016 (IBC) applies to due default on 31/3/2020. Carissa Investments, the appellant Challenged the impugned order passed by the Adjudicating Authority which was filed…

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