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Tag Archive for "liquidator-before-aa" -

CentrikBlogsLiquidator before AA

Tag: Liquidator before AA

Do NCLT is vested with the power to classify a transaction as a “preferential transaction”!

Posted by Adv. Niraj ChamyalPosted on May 23, 2022May 27, 20220 CommentsCategories Authentic Legal Advice, Corporate Litigation-All In Way, Debt Recovery Management, Insolvency & Bankruptcy Code 2016, Registration And ComplianceTags CIRP under NCLT, converted operational debt into financial debt, executing the loan agreement, Liquidator before AA, Memorandum of Understanding, NCLT process flow chart, Powers of NCLT, preferential transactions under IBC, related party under IBC, Role of NCLT under IBC, Transaction as third party, undervalued transactions under IBC, Undervalued transactions under Section 45

The Hon’ble NCLAT, Principal Bench, New Delhi held that the IBC does not vest the power to NCLT to Suo-moto classify a transaction as Preferential Transaction under Section 44 r/w Section 45 of IBC.

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