Five-member NCLAT bench declines to reconsider decision on insolvency filing time frame

In a 30-page order passed on Tuesday, the five-member bench headed by Acting Chairperson Justice Bansi Lal Bhat upheld that acceptability of debt entered in the balance sheet of a company will not amount to acknowledgment of debt for deciding the time frame for initiating insolvency proceedings.

from Economy-News-Economic Times https://ift.tt/2WEUM0x