International Journal For Multidisciplinary Research

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A Widely Indexed Open Access Peer Reviewed Multidisciplinary Bi-monthly Scholarly International Journal

Call for Paper Volume 6 Issue 2 March-April 2024 Submit your research before last 3 days of April to publish your research paper in the issue of March-April.

Extent of Discretionary Power of NCLT under Section 7 of Insolvency and Bankruptcy Code

Author(s) Pradeeksha.V, Saranya.S
Country India
Abstract The research paper at hand aims at identifying critical aspects around the so said "discretion" given to the NCLT with respect to admission of application for Corporate Insolvency Resolution Proceeding (CIRP) by a financial creditor. The law in this aspect is quit unresolved at the moment and requires the involvement of the legislature or the judiciary to give out the answer with this regard. Additionally, the difference between an operational creditor and a financial creditor is also analysed in this paper.
Keywords Insolvency and Bankruptcy Code, Corporate Insolvency Resolution Proceedings (CIRP), National Company Law Tribunal (NCLT), Financial Creditors, Operational Creditors, Corporate Debtor
Field Sociology > Administration / Law / Management
Published In Volume 6, Issue 1, January-February 2024
Published On 2024-01-28
Cite This Extent of Discretionary Power of NCLT under Section 7 of Insolvency and Bankruptcy Code - Pradeeksha.V, Saranya.S - IJFMR Volume 6, Issue 1, January-February 2024. DOI 10.36948/ijfmr.2024.v06i01.12586
DOI https://doi.org/10.36948/ijfmr.2024.v06i01.12586
Short DOI https://doi.org/gtghmw

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