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HomeCompany & PMLACorporate Debtor’s ‘Cash Payment’ Defence Termed Contrived and Unsupported: NCLAT Upholds Insolvency...

Corporate Debtor’s ‘Cash Payment’ Defence Termed Contrived and Unsupported: NCLAT Upholds Insolvency Admission

Company & PMLA

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By Mariya Paliwala
Corporate Debtor’s ‘Cash Payment’ Defence Termed Contrived and Unsupported: NCLAT Upholds Insolvency Admission

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The National Company Law Appellate Tribunal (NCLAT), Principal Bench, New Delhi, has dismissed an appeal filed by former director Yusuf Malubhaiwala challenging the admission of a Section 9 Insolvency Application against Steelexpert Industries (Indore) Ltd. The bench of Justice Ashok Bhushan (Chairperson) and Barun Mitra (Technical Member) has upheld the National Company Law Tribunal (NCLT)…

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Mariya Paliwala
Mariya Paliwalahttps://www.jurishour.in/
Mariya is the Senior Editor at Juris Hour. She has 7+ years of experience on covering tax litigation stories from the Supreme Court, High Courts and various tribunals including CESTAT, ITAT, NCLAT, NCLT, etc. Mariya graduated from MLSU Law College, Udaipur (Raj.) with B.A.LL.B. and also holds an LL.M. She started her career as a freelance tax reporter in the leading online legal news companies.

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