menu icon

Insolvency & Bankruptcy Code cannot be used as a tool for recovery NCLT

Dated on: Wednesday 20th September 2023

The National Company Law Tribunal (NCLT) dismissed a plea from two unit buyers of a commercial complex, stating that the Insolvency & Bankruptcy Code cannot be used as a "tool for recovery." The plea sought to initiate insolvency proceedings against Orris Infrastructure for an alleged default of Rs 3.60 lakh. The NCLT bench noted that the buyers had already received full payment from Orris Infrastructure according to their agreement.

More News
jcb truck1 car1 car2 truck2

About RERA Filing

About Us
Site Map
Contact us
RERA Enquiry
Feedback
Become a Partner
Disclaimer
Privacy Policy

RERA Services

Agent Registration
Project Registration
RERA Consultancy
RERA Training
Project Extension
Project Quarterly Compliances
Change in Bank Account
Change in Project Name
Apply for Completion of Project

Useful Links

RERA Blogs
RERA News
RERA Videos
RERA Fees calculator
Infographics
RERA Quiz
RERA Consultancy
Research
Become an Expert
FAQ's
Events
RERA Services

RERA in states

RERA in Maharashtra
RERA in Karnataka
RERA in Telangana
RERA in Andhra Pradesh
RERA in Delhi
RERA in Uttar Pradesh
RERA in Haryana
RERA in Gujarat
RERA in Bihar
View All

Disclaimer - RERA Filing is a private company which do registration and RERA Consultancy. It is not a government organisation.

Copyright © 2024 RERA Filing. All rights reserved.