Mere Inclusion Of Company’s Name In Loan Documents Not Enough To Trigger Insolvency: NCLT Delhi
The Delhi bench of the National Company Law Tribunal (NCLT) has ruled that merely including a company’s name in loan and sanction documents is not enough to establish that the company itself is the real obligor for the purpose of initiating insolvency proceedings. “The insolvency jurisdiction under Section 7 cannot be permitted to be invoked…

