Delhi HC: Daughter-In-Law Has No Independent Right in Mother-In-Law’s Self-Acquired House  ||  SC: Prolonged Separation Can Constitute Cruelty and Desertion  ||  SC: Menstrual Hygiene Right Requires Effective Ground-Level Implementation Nationwide  ||  SC: Court Permission Mandatory for Guardian’s Sale of Minor’s Property  ||  SC: Daughter Doesn't Lose Ties With Natal Family After Marriage, Such Stereotype is Unconstitutional  ||  SC: Limitation For Filing S.34 Appeal Starts From Disposal of S.33 Application, Allowed or Rejected  ||  SC: In Cases of Drug Trade Threats to the Nation, Sovereignty Prevails over Personal Liberty  ||  Delhi HC: Plaintiff Can Obtain a Refund of Court Fees After an IBC Resolution Plan “Settlement”  ||  Ker HC: Default Bail is Available if Final Report is E-Filed After 5 Pm on Last Statutory Day  ||  J&K&L HC: NDPS Act Provisions Extending Investigation Time Apply to Narco-Terror Cases under UAPA    

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