NCLT To Decide S.7(1) Compliance Prior to Admission: NCLAT [Read Order]

The NCLAT has held that NCLT has to decide compliance with sec 7 (1) prior to admission

By Yogitha S. Yogesh - On February 8, 2024 9:03 am - 2 mins read

NCLT - Decide S.7(1) - Compliance Prior - Admission - NCLAT - taxscan

The National Company Law Appellate Tribunal ( NCLAT ) has held that the National Company Law Tribunal ( NCLT ) to decide Section 7(1) of the Insolvency and Bankruptcy Code, 2016 compliance prior to admission. The bench upheld the order of NCLT. Globe Capital Market Ltd, the appellant challenged the order by which the order application…

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