Right to apply under IB Code accrues only on or after 1st December, 2016 and not before the said date- Black Pearl Hotels Pvt. Ltd. (Operational Creditor) Vs. Planet M Retail Ltd.- NCLAT

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If any Public depositor applies showing due of the debt claiming itself as operational creditor and the Resolution Professional or the Tribunal do not accept the claim on the ground that they are not financial creditor, we allow the appellant to raise the question before the Tribunal and if any adverse decision is given by the Tribunal, it will be open to the appellant to raise the issue before NCLAT- Hind Motors India Ltd. Vs. Adjudicating Authority NCLT, Chandigarh – NCLAT New Delhi

IBC-Case Laws-NCLAT
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