Section 230 of Companies Act not to be pursued at liquidation stage under IBC

Ashish Mohan Gupta Vs The Liquidator of Hind Motors India Ltd (In Liquidation) (NCLAT)

Conclusion: MSME certificate was required to take benefit of Micro Small and Medium Enterprises (MSME) under Section 240A of Insolvency and Bankruptcy Code and it was not necessary to pursue Section 230 of the Companies Act at the stage of Liquidation, the same not being part of Procedure of IBC when the Corporate Debtor was in Liquidation.

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