The tribunal held that an appeal under section 61 of the IBC cannot be entertained after the dissolution of the corporate debtor under section 54 of the IB code
In a recent ruling, the New Delhi bench of the National Company Law Appellate Tribunal (NCLAT) has held that an appeal under section 61 of the IBC cannot be entertained after the dissolution of the corporate debtor under section 54 of the Insolvency Bankruptcy code(IBC), 2016.
The appellant, New India Color Company Ltd., contested the National Company Law Tribunal’s (the “Tribunal”) order dated 14.09.2022, which dismissed the appellant’s interlocutory application filed in Company Petition No. (IB) – 908/ND/2020 under Section 60(5) r/w Section 73 of the Insolvency &…
