NCLT is not a recovery court, NCLT has held. NCLT - The NCLT was hearing a section 9 IBC plea against a Corporate Debtor. The National Company Law Tribunal, Delhi has held that unpaid instalment as per a settlement agreement cannot be treated as operational debt under Secti...
Discusses the extent to which interests of secured creditors in debt recovery proceedings receive priority over the interests of the coowners of property upon which loans have been secured. Reviews the methods by which coowners may resis... ...