Suspension of initiation of CIRP applies to date of default

Carissa Investments LLC Vs Indu Techzone Pvt. Ltd. (NCLAT Chennai)

NCLAT Chennai held that suspension of initiation of CIRP (Corporate Insolvency Resolution Process) as per provisions of section 10A of the Insolvency and Bankruptcy Code, 2016 applies to date of default i.e. 31.03.2020.

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