Corporate LawsLaw Report
The NCLAT dismissed the deposit plea, citing Section 12A restrictions, forum shopping, and the financial creditor’s unwillingness to settle.
The National Company Law Tribunal [NCLT] ,Mumbai has admitted the insolvency application filed against S&T Interiors and Contracting Services Private Limited, dismissing the claim of the corporate debtor that the default was covered by the moratorium during the pandemic period under Section 10A of the IBC.
The Assets Care & Reconstruction Enterprise Limited (ACRE), representing ACRE-144-TRUST…