Thursday, June 11, 2020

NCLT Kolkata holds Increased Threshold To Trigger Insolvency Apply prospectively [Read Order]

The Kolkata bench of the National Company Law Tribunal (NCLT) ruled that the revised minimum threshold to trigger insolvency proceedings against companies will apply on a prospective basis. The Corporate Debtor, Om Boseco purchased various foundry and chemicals from the Operational Creditor, Foseco India on credit. The Operational Creditor served a demand notice on the […]

from Taxscan | Simplifying Tax Laws https://ift.tt/3hdRyKi

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