Corporate Debtor Cannot Maintain Appeal Under IBC, 2016: NCLAT

Radius Infratel Pvt. Ltd. Vs Union Bank of India (NCLAT, Delhi) National Company Law Appellate Tribunal (NCLAT) held that Corporate debtor cannot maintain appeal under the Insolvency and Bankruptcy Code (IBC), 2016. 13.11.2018: This appeal has been preferred by ‘M/s Radius Infratel Pvt. Ltd.’ (Corporate Debtor) against order dated 23rd July, 2018 passed by the Adjudicating Authority (National Company Law Tribunal), Principal Bench, New Delhi, whereby and whereunder application under Section 7 preferred by ‘Union Bank of India’ (Financial Creditor) has been admitted, order of moratoriu...