CIRP process can be initiated when Financial Debt and default on part of Corporate Debtor has successfully proved: NCLAT [Read Order]
Corporate Insolvency Resolution Professional (CIRP) process could be initiated when financial debt and default on part of a corporate debtor has successfully proved
By Aparna. M - On April 27, 2024 7:28 pm - 2 mins read
The Delhi bench of the National Company Law Appellate Tribunal ( NCLAT ) held that the Corporate Insolvency Resolution Professional ( CIRP ) process could be initiated when financial debt and default on part of a corporate debtor has successfully proved . The present appeal was filed by the Arunkumar Jayantilal Muchhala ex-Director of the…
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