Non-Stamped Document will not Render CIRP as Non-Maintainable when Material to Prove Default of Debt Exists: NCLAT [Read Order]

CIRP - NCLAT National Company Law Appellate Tribunal - TAXSCAN

The New Delhi Bench of the National Company Law Appellate Tribunal (NCLAT) observed that non-stamping of document will not render Corporate Insolvency Resolution Process (CIRP) as non-maintainable when the material to prove default of debt exists. The ground for the present appeal is that the inter corporate deposit of Rs.7 Crores is captured in an unstamped…

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