The National Company Law Tribunal (NCLT) serves as the adjudicating authority for corporate insolvency resolution processes, liquidation and corporate debt restructuring under the IBC
The Insolvency and Bankruptcy Code, 2016 (IBC) was enacted to streamline corporate insolvency resolution, liquidation, and debt restructuring, while ensuring a time-bound process that adequately balances the interests of creditors and debtors.
The National Company Law Tribunal (NCLT) serves as the primary adjudicating authority for corporate insolvency cases, while the National Company Law Appellate Tribunal (NCLAT) hears appeals against NCLT orders, playing a crucial role in refining insolvency jurisprudence.
This case digest is Part 1 of landmark NCLT…
