The pendency of proceedings before the DRT is not a bar for the Financial Creditor to initiate CIRP against the Corporate Debtor, NCLT need not wait for the decision of DRT while rendering its findings – Mr. G. Sundaravadivelu Vs. Indian Overseas Bank – NCLAT Chennai

In case you've already logged in, click here to know why you're not able to access this content.

 

The outstanding dues were prior to the period of initiation of CIRP & the creditor having not filed the claim at that stage, now application under Section 9 of the IBC after completion of the CIRP against Corporate Debtor was not maintainable – Sanjay Chemicals (India) Private Limited Vs. Sharon Bio-Medicine Limited – NCLAT New Delhi

In case you've already logged in, click here to know why you're not able to access this content.