Majority’s Consideration Of Debt Restructuring With Corporate Debtor Does Not Bar Individual Member From Filing Petition U/S 7 Of IBC: NCLAT

Liquidation

The National Company Law Appellate Tribunal (NCLAT) New Delhi bench of Justice Ashok Bhushan (Judicial Member) and Mr. Barun Mitra (Technical Member) that the fact that a majority of consortium lenders are considering debt restructuring with the Corporate Debtor does not preclude an individual member from independently initiating insolvency proceedings under Section 7 of the…

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Debt Help

At a time when many Americans feel overwhelmed by credit card debt, Citibank has launched a reassuring message. There are real and accessible solutions to pay off your debts and regain financial peace of mind. Citibank recognizes its customers’ concern about the accumulated credit card debt and has developed a series of options to help…