NCLAT: Can’t Maintain Joint Application if Individuals Claims do Not Meet Threshold Limit - 05.05.2025

NCLAT New Delhi bench has held that a joint application filed by operational creditors under Section 9 of the Insolvency and Bankruptcy Code, 2016 shall not be maintainable if each operational creditor does not independently meet threshold limit prescribed under Section 4 of the Code.

Tags : NCLAT New Delhi Joint Application Operational Creditor

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