NCLAT: Issuing Cheques For Another Entity’s Liabilities Does not Constitute Operational Debt - (15 Dec 2025)
INSOLVENCY
NCLAT, New Delhi, held that issuing cheques for another entity’s dues does not justify insolvency in the absence of a direct contract with the creditor, and set aside the NCLT order admitting Nayati Healthcare and Research NCR Pvt. Ltd. into insolvency over alleged unpaid dues.
Tags : CHEQUES DEBT ENTITY
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