Wednesday, August 19, 2020

Calcutta HC quashes NCLT order imposing a mandatory prescription on all Financial Creditors to submit certain financial information retrospectively

The Calcutta High Court quashed the order passed by the National Company Law Tribunal (NCLT) wherein it imposed a mandatory prescription on all financial creditors as defined under the extant provisions of the Insolvency and Bankruptcy Code, 2016 (IBC) to submit certain financial information as a record of default retrospectively. The writ petitions have been […]

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