NCLAT upholds CIRP Proceedings initiated u/s 9 of IBC against Corporate Debtor for outstanding dues to Operational Creditor [Read Order]

NCLAT upheld the Corporate Insolvency Resolution Professional (CIRP) proceedings initiated under Section 9 of the Indian Bankruptcy Code ,2016 against the corporate debtor for outstanding dues to the operational creditor
By Aparna. M - On April 27, 2024 6:44 pm - 2 mins read
NCLAT - CIRP - IBC - Corporate Debtor - Operational Creditor - taxscan

The Delhi bench of the National Company Law Appellate Tribunal ( NCLAT ) upheld the Corporate Insolvency Resolution Professional ( CIRP )  proceedings initiated under Section 9 of the Indian Bankruptcy Code ,2016 against the corporate debtor for outstanding dues to the operational creditor. The present  appeal filed by Mr. Mukund Rajhans, Suspended Director Topaki…

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