NCLAT: Must Admit Application u/s 7 When CD’s OTS Proposal is Rejected - 27.03.2025

NCLAT New Delhi bench has held that an application under Section 7 of the Insolvency and Bankruptcy Code, 2016 must be admitted when a One-Time Settlement (OTS) proposal submitted by the corporate debtor is rejected by the financial creditor and the debt remains unpaid.

Tags : NCLAT New Delhi Application OTS Proposal

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