NCLT allows belated claim of GST condoning a delay of around 452 days of submitting the claim – NCLT Cuttack Bench In this case, The Applicant had lodged its claim with the RP on 15.01.2021 when there was a delay of around 452 days of submitting the claim, the Respondent/RP […]
Commencement of CIRP against the Corporate Debtor is not a condition precedent for maintaining an application under Section 95 of the IBC, 2016 filed for initiating IR Process against the Personal Guarantor of the Corporate Debtor before the NCLT– NCLT New Delhi Bench Court-II The Adjudicating Authority held that where […]
Question-1:Whether Share Application Money in the event of non-allotment of shares, be treated as Loan/Debt and whether such an amount falls under the definition of Financial Debt as defined under Section 5(8) of the Code? Question-2: Whether Statutory accrual of interest under Section 42(6) of the Companies Act, 2013, be […]
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