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NCLAT says IBC not a recovery mechanism; dismisses insolvency plea against United Telecoms

This is the second such observation from the Chennai bench of the insolvency appellate tribunal this month, after declining to entertain the petition from operational creditors. ....

Tamil Nadu , Shreesha Merla , National Company Law Tribunal , United Telecoms Ltd , National Company Law Appellate Tribunal , Wipro Ltd , Bankruptcy Code , United Telecoms , Operational Debt , Settlement Agreement , United Telecoms ,

NCLAT says IBC not a recovery mechanism; dismisses insolvency plea against United Telecoms, ET Telecom

Again, while rejecting a plea against United Telecoms last week, a two-member bench comprising justices M Venugopal and Shreesha Merla said: "Time and again, the apex court in a catena of judgments held that the IBC is not a recovery mechanism . ....

Tamil Nadu , New Delhi , Shreesha Merla , United Telecoms Ltd , National Company Law Appellate Tribunal , National Company Law Tribunal , Wipro Ltd , Bankruptcy Code , United Telecoms , Operational Debt , Settlement Agreement , National Company Law Appellate Tribunal , National Company Law Tribunal , Elecom News ,

IBC news: NCLAT says IBC not a recovery mechanism; dismisses insolvency plea against United Telecoms

The National Company Law Appellate Tribunal has dismissed a plea against United Telecoms Ltd, stating that the Insolvency & Bankruptcy Code is not a recovery mechanism. The Chennai bench had also refused to entertain a petition from operational creditors. The tribunal upheld the order by the Bengaluru bench of the National Company Law Tribunal, which had dismissed the plea moved by an operational creditor claiming a default of Rs 8.46 crore against United Telecoms Ltd. ....

Tamil Nadu , Shreesha Merla , National Company Law Tribunal , United Telecoms Ltd , National Company Law Appellate Tribunal , Wipro Ltd , Bankruptcy Code , United Telecoms , Operational Debt , Settlement Agreement , Ibc News ,

IBC not recovery mechanism; dismisses plea against United Telecoms: NCLAT

IBC not recovery mechanism; dismisses plea against United Telecoms: NCLAT
business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.

Tamil Nadu , Shreesha Merla , United Telecoms Ltd , Wipro Ltd , National Company Law Appellate Tribunal , National Company Law Tribunal , Bankruptcy Code , United Telecoms , Operational Debt , Settlement Agreement ,

NCLAT Says IBC Not A Recovery Mechanism; Dismisses Insolvency Plea Against United Telecoms

NCLAT Says IBC Not A Recovery Mechanism; Dismisses Insolvency Plea Against United Telecoms
freepressjournal.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freepressjournal.in Daily Mail and Mail on Sunday newspapers.

Tamil Nadu , Shreesha Merla , National Company Law Tribunal , Wipro Ltd , National Company Law Appellate Tribunal , United Telecoms Ltd , Bankruptcy Code , United Telecoms , Operational Debt , Settlement Agreement ,