Airport Authority of India Is a Statutory Body, Does Not Fall within Scope of a Corporate Person under IBC: NCLT [Read Order]

By Yogitha S. Yogesh - On December 15, 2023 7:35 pm - 2 mins read
Airport Authority of India - Corporate Person under IBC - IBC - NCLT - Statutory Body - taxscan

The National Company Law Tribunal (NCLT) of Hyderabad held that the Airport Authority of India Is a Statutory Body and does Not Fall within the Scope of a Corporate Person under the Insolvency Bankruptcy Code (IBC), 2016. The application is filed by M/s. Akash Electrotek Engineers Private Limited, being the Operational Creditor (the Petitioner) seeking…

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