Supreme Court Outlines Principles Governing Exercise of Jurisdiction under Article 227  ||  Supreme Court Grants Anticipatory Bail to Pawan Khera in an FIR Filed by Assam Police  ||  SC Issues Guidelines on Summary Judgment in Commercial Suits under Order XIII-A CPC  ||  J&K&L High Court: Post-Conviction NDPS Bail Cannot Rest on Long Incarceration Alone  ||  Gauhati HC: Promotion Cannot be Withheld Merely Because Investigation is Pending Without Chargesheet  ||  Kar HC: Preventive Detention under Goonda Act Cannot Rest on Offences Committed During Juvenile Age  ||  Bombay HC: National Security Justifies Denial of Police Clearance Certificate  ||  Bombay HC: Comic Remarks Without Malicious Intent Not Religious Insult  ||  J&K&L High Court: Scandalous Allegations Against Judicial Officers in Pleadings Impermissible  ||  P&H HC: Writ Petition Against Private Trust's Contractual Employment Dismissed    

NCLAT, Delhi: Amount Given as Share Application Money is Not Covered Under Financial Debt - (25 Apr 2022)

INSOLVENCY

National Company Law Appellate Tribunal (NCLAT) , Delhi has held that money given as Share Application Money cannot be treated as a financial debt in order to initiate Corporate Insolvency Resolution Process (CIRP) under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC).

Tags : NATIONAL COMPANY LAW APPELLATE TRIBUNAL   SHARE APPLICATION MONEY  

Share :        

Disclaimer | Copyright 2026 - All Rights Reserved