TMI BlogSection 14 of the IBC - admission or stay of counter claim - the Court has to see whether the purpose...Section 14 of the IBC - admission or stay of counter claim - the Court has to see whether the purpose and intent behind the imposition of moratorium is being satisfied or defeated. A blinkered approach cannot be followed and the Court cannot blindly stay the counter claim and refer the defendant to the NCLT/RP for filing its claims. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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