As Insolvency & Bankruptcy Code passes its “formative days”, NCLT Mumbai Bench clarifies provisions – Legally India
The National Company Law Tribunal, Mumbai Bench presided over by Justice (Retd.) B.S.V Prakash Kumar has on April 10, 2017 passed a detailed order interpreting certain provisions of Insolvency and Bankruptcy Code, 2016. This order came to be passed in an application filed by DF Deutsche Forfait AG (Operational Creditor) under Section 9 of the…