Section 7 application

national company law appellate tribunal
Case BriefsTribunals/Commissions/Regulatory Bodies

NCLT’s order did not contain specific findings regarding whether the entire loan amount had been paid and whether nothing remained due.

National Company Law Appellate Tribunal
Case BriefsTribunals/Commissions/Regulatory Bodies

NCLAT held that the Adjudicating Authority committed error in rejecting the S. 7 application for not fulfilling ‘threshold’ when Deed of Guarantee mentions about the interest on default.