Tag: Insolvency
Disclosure of proceeding under Negotiable Instrument Act is immaterial while filing Insolvency Proceedings
The Kolkata bench of the National Company Law Tribunal (“NCLT”) held that while filing an application for insolvency under the Insolvency and Bankruptcy Code 2016 (the “Code”) it was not necessary to disclose the fact
Supreme Court Allows Withdrawal of Insolvency Application after Admission
In a latest judgment, the division bench of the Supreme Court comprising of J. Rohinton Fali Nariman and J. Sanjay Kishan Kaul, in Lokhandwala Kataria Construction Private Limited v. Nisus Finance and Investment Managers LLP[1]
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