The Adjudicating Authority (NCLT, New Delhi) rejected an application under Section 7 of IBC filed by the appellant, stating that the amount in question (IFMS) does not constitute a financial debt. This decision was affirmed by the National Company Law Appellate Tribunal.
The Adjudicating Authority (NCLT) rejected the application under Section 7 of IBC.
The reason for rejection was that the amount in question, IFMS, does not amount to financial debt.
The National Company Law Appellate Tribunal affirmed the NCLT's view.
The Supreme Court reviewed the orders and found no good reason to entertain the Civil Appeal.
The Civil Appeal was accordingly dismissed by the Supreme Court.
Delay was condoned by the court.
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The Adjudicating Authority (NCLT, New Delhi) rejected an application under Section 7 of IBC filed by the appellant, stating that the amount in question (IFMS) does not constitute a financial debt. This decision was affirmed by the National Company Law Appellate Tribunal.
The Adjudicating Authority (NCLT) rejected the application under Section 7 of IBC.
The reason for rejection was that the amount in question, IFMS, does not amount to financial debt.
The National Company Law Appellate Tribunal affirmed the NCLT's view.
The Supreme Court reviewed the orders and found no good reason to entertain the Civil Appeal.
The Civil Appeal was accordingly dismissed by the Supreme Court.
Delay was condoned by the court.
The Supreme…
Matter called…
Sign in to view related legal provisions.