Section 74 of Contract Act has no application on Public Auction conducted under the Liquidation Process Regulations, 2016: NCLAT
NCLAT observed that in the instant matter “there was no title defect in the Corporate Debtor”.
Justice Ashok Bhushan
No benefit to Corporate Debtor, if Criminal Proceedings were initiated after receipt of Demand Notice: NCLAT upholds NCLT’s order
While upholding NCLT’s order the NCLAT held that in the present case there is a debt which remained unpaid by the Operational Creditor.
Messiah of the sufferers: Bidding adieu to Justice Ashok Bhushan
by Suchita Shukla†