Tag: Section 60 (5)

Provisions of Section 60(5) of the Code can be invoked to realise the amount of admitted dues in relation to services provided by the Corporate Debtor.

Provisions of Section 60(5) of the Code can be invoked to realise the amount of admitted dues in relation to services provided by the Corporate Debtor.

Saturday August 3, 2024. BY Samuel Abraham and Soham Gadgil | Insolvency & Bankruptcy

In the case of Vineet K. Chaudhary Vs. NTPC Ltd., the Hon’ble NCLT Mumbai Bench held that provisions of section 60(5) of IBC 2016, can be invoked for recovery of admitted dues payable to the