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IBC - Highlights / Catch Notes

Home Highlights July 2019 Year 2019 This

The Liquidator has rightly rejected the claim of the Applicant ...


Liquidator Rejects Claim: Applicant Not a Financial Creditor of Corporate Debtor, Liability Limited to Pledged Shares Fulfilled.

July 10, 2019

Case Laws     Insolvency and Bankruptcy     Tri

The Liquidator has rightly rejected the claim of the Applicant on the ground that the Applicant is not a Financial Creditor of the Corporate Debtor and the liability of the Corporate Debtor is restricted to the pledge of shares only which has already been meted with.

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