Search Results for Tag : NCLT New Delhi

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NCLT: IBC Doesn’t Have Provision to Issue Multiple Demand Notices before Filing Petition u/s 9(24.12.2024)

NCLT New Delhi bench has held that the Insolvency and Bankruptcy Code, 2016 doesn’t contain a provision that allows Operational Creditor to issue mult.....

Tags : NCLT New Delhi, Multiple Demand Notices, Operational Creditor

NCLT: Can’t Call Speculative Investment a 'Financial Debt' in Absence of Commercial Effect of Borrowi(07.04.2025)

NCLT New Delhi bench while dismissing an application under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016 has held that a speculative inv.....

Tags : NCLT New Delhi, Financial Debt, Commercial Effect

NCLT Delhi: If Contract Prohibits Interest, Operational Creditor Cannot Claim it(13.05.2025)

NCLT New Delhi bench has held that an Operational Creditor cannot claim interest on the amount due if the contract prohibits charging of the interest.

Tags : NCLT New Delhi, Operational Creditor, Contract

NCLT Delhi: Can’t Adjust Payment Made for Specific Invoice Against Back Dated Invoices(13.05.2025)

NCLT New Delhi bench has held that if a Corporate Debtor makes a payment against a specific invoice raised by the Operational Creditor then such payme.....

Tags : NCLT New Delhi, Corporate Debtor, Operational Creditor