This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
Liquidator Cannot Adjudicate Claims, Counter Claims: NCLAT
Case Law Details
- Case Name
- FLSmidth Private Limited Vs Lanco Infratech Ltd. (NCLAT Chennai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- NCLAT
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
FLSmidth Private Limited Vs Lanco Infratech Ltd. (NCLAT Chennai)
In a recent decision, the National Company Law Appellate Tribunal (NCLAT) Chennai addressed the authority of a liquidator in insolvency cases. The case involved FLSmidth Pvt Ltd’s dispute with Lanco Infratech Ltd regarding claims and counterclaims, highlighting the limitations of a liquidator’s powers.
FLSmidth Pvt Ltd initiated insolvency proceedings against Lanco Infratech Ltd under Section 7 of the Insolvency and Bankruptcy Code, 2016. Subsequently, the company’s resolution professional (RP) was appointed, fo...
