NCLAT Dismisses Appeal Against Admission of Section 7 IBC Petition — Financial Debt Determination Requires Satisfaction of Section 5(8) Parameters, Not Mere Balance Sheet Reflection. The court held that issues regarding financial debt definition and admission of debt through balance sheet and emails are to be decided at final stage.
4 Oct 2024The National Company Law Appellate Tribunal (NCLAT) Chennai, in an appeal against an order admitting a Section 7 petition under the Insolvency and Ban...
