Application U/S 7 Of IBC Withdrawn After Settlement Agreement Can Be Revived If Settlement Terms Are Breached By Corporate Debtor: NCLAT

The National Company Law Appellate Tribunal (NCLAT) New Delhi bench of Justice Ashok Bhushan (Judicial Member), Mr. Barun Mitra (Technical Member) and Mr. Arun Baroka (Technical Member) has held that the right of the financial creditor to seek revival of the original application filed under Section 7 of the Code cannot be taken away merely…

Kalyan youth dies by suicide after dousing himself with petrol; online gaming debt suspected | Thane News

THANE: A 27-year-old man from Santosh Nagar in Kalyan (East) allegedly died by suicide by setting himself ablaze at Kushivali village near Malanggad. The deceased, identified as Kiran Parab, was reportedly under heavy financial stress, primarily due to mounting debts from online gaming.The incident took place in the early hours of Monday. Kiran reportedly left…