NCLT Order Set Aside as Key Documents on Machinery Supply & Lease Transactions Were Not Considered: NCLAT

Finvin Investor Private Limited Vs Orix Leasing and Financial Services Limited (NCLAT Delhi) The National Company Law Appellate Tribunal (NCLAT), Delhi, disposed of two appeals arising from the same order dated 04.06.2024 passed by the National Company Law Tribunal (NCLT), Mumbai Bench, concerning an application filed under Sections 43, 66, 67 and 70 of the Insolvency and Bankruptcy Code, 2016 (IBC). One appeal was filed by an assignee of the corporate debtor (CD) that had stepped into the shoes of the liquidator through an assignment agreement dated 03.06.2024, while the other was filed by a ...