NCLAT: Can’t Treat Share Application Money Deposited With Corporate Debtor as Financial Debt - 28.11.2024

NCLAT New Delhi bench has held that share application money which has been deposited with the corporate debtor cannot be treated as financial debt under Section 5(8) of Insolvency and Bankruptcy Code, 2016.

Tags : NCLAT Share Application Money Corporate Debt

Share :