Initiation of CIRP cannot be barred based on SEBI order

Nitin Suresh Satghare Vs Pancard Clubs Limited (NCLAT Mumbai)

Held that initiation of CIRP under I&B code cannot be nullified by any order passed by SEBI nor can be a ground to reject an application.

Facts-

This Company Petition is filed under section 7 of the Insolvency and Bankrupt

Please become a Premium member. If you are already a Premium member, login here to access the full content.