Additional Objections Permissible in Section 7 IBC Proceedings: Kerala HC

BPL Limited Vs National Company Law Tribunal (Kerala High Court) The Kerala High Court allowed a writ petition filed by the corporate debtor challenging an order of the National Company Law Tribunal (NCLT), Kochi Bench, which had declined permission to file additional objections in proceedings initiated under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC). The petitioner company had allegedly availed credit facilities from the second respondent, which subsequently initiated insolvency proceedings under Section 7 of the IBC before the NCLT. The petitioner entered appearance before ...