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Advance for Share Allotment Not a Financial Debt under IBC: NCLT
Case Law Details
- Case Name
- Mittson Fille Enterprise Vs Sammaan Ventures Limited (NCLT Kolkata)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- NCLT
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Mittson Fille Enterprise Vs Sammaan Ventures Limited (NCLT Kolkata)
The case of Mittson Fille Enterprise vs. Sammaan Ventures Limited, heard before the National Company Law Tribunal (NCLT) in Kolkata, presents a complex legal scenario involving the interpretation of financial debt under the Insolvency and Bankruptcy Code, 2016 (IBC). This case revolves around a petition filed by Mittson Fille Enterprise, a financial creditor, seeking the initiation of the Corporate Insolvency Resolution Process (CIRP) against Sammaan Ventures Limited, the corporate debtor. The crux of the dispute lies in deter...
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