Search Results for Tag : NCLAT Delhi

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NCLAT: In Absence of Debt & Default, Application Under Section 7 of IBC Can’t be Admitted(29.11.2024)

NCLAT Delhi bench has held that in absence of any debt and consequent default on the part of the corporate debtor, application under section 7 of the .....

Tags : NCLAT Delhi, Debt & Default, Section 7

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NCLAT: Without Payment in Discharge of Guarantee, Guarantor Cannot Become Financial Creditor(29.11.2024)

NCLAT New Delhi bench has held that without paying amount towards discharging liability of principal borrower for whom guarantee was given, guarantor .....

Tags : NCLAT Delhi, Guarantor, Discharge of Guarantee

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NCLAT: Can Admit Application u/s 7 of IBC if Interest on Principal Amount Crosses Threshold Limit(02.12.2024)

NCLAT Delhi bench has held that application under Section 7 of Insolvency and Bankruptcy Code, 2016 can be admitted if interest on principle amount di.....

Tags : NCLAT Delhi, Principal Amount, Corporate Debtor

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