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Tag Archive for "corporate-debtor-before-corporate-insolvency-resolution-process" -

CentrikBlogsCorporate Debtor before Corporate Insolvency Resolution Process

Tag: Corporate Debtor before Corporate Insolvency Resolution Process

AA should exercise discretion to protect CD from CIRP : NCLAT

Posted by ajay.shuklaPosted on July 16, 2021July 20, 20210 CommentsCategories Corporate Litigation-All In Way, Cross Border Advisory, Debt Recovery Management, Insolvency & Bankruptcy Code 2016, Legal AdvisoryTags an appeal to the NCLAT, Corporate Debtor before Corporate Insolvency Resolution Process, Corporate Debtor dragged into CIRP, corporate debtor under IBC, Insolvency Process, petition filed under Section 7 of the IBC, protect the Corporate Debtor from being dragged into CIRP

If the Application filed under Section 7 meets all the requirements, then also the Adjudicating Authority has to exercise discretion carefully to prevent and protect the Corporate Debtor from being dragged into the Corporate Insolvency Resolution Process mala fide.

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