![National Company Law Appellate Tribunal](https://www.scconline.com/blog/wp-content/uploads/2024/03/resolution-plan-440x293.webp)
‘Merely shared management not enough to establish liability’; NCLAT finds claims against Corporate Debtor untenable
The NCLAT warned against manipulating the IBC for debt recovery purposes, as it would defeat the code’s purpose of rehabilitating Corporate Debtors.