NCLT issues show cause notice, why penalty stipulated u/s 65 of IBC, 2016 shall not be imposed on Assenting CoC members, who voted in favour of Liquidation of the Corporate Debtor without even exploring the possibility of resolution – Mr. Pawan Kumar Goyal, IRP Vs. Alchemist XXXVII – NCLT New Delhi Bench Court- II

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There is no embargo on the Operational Creditor to file a Section 9 Petition under IBC even if there is an arbitration clause in the agreement – Mr. Shahi Md. Karim Suspended Director of the Corporate Debtor M/s. Lumiford Pvt. Ltd. Vs. M/s. Kabamy India LLP – NCLAT Chennai

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