MoU & Ledger Extract Insufficient for admitting Financial Debt: NCLAT

D S Kulkarni & Associates Vs Manoj Kumar Aggarwal (NCLAT Delhi)

The National Company Law Appellate Tribunal (NCLAT) in Delhi recently ruled on a case involving D S Kulkarni & Associates and Manoj Kumar Aggarwal. The crux of the matter revolved around the admissibility of claims as financial debts based on Memorandum of Understanding (MoU) and Ledger Extracts.

Analysis: The Appeals were filed challenging the rejection of claims by the National Company Law Tribunal (NCLT), Mumbai Bench-I. The Ap

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