NCLAT, Delhi: Amount Given as Share Application Money is Not Covered Under Financial Debt - 25.04.2022

National Company Law Appellate Tribunal (NCLAT) , Delhi has held that money given as Share Application Money cannot be treated as a financial debt in order to initiate Corporate Insolvency Resolution Process (CIRP) under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC).

Tags : National Company Law Appellate Tribunal Share Application Money

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