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Search by tag: isolvency

Candour Legal Team June 6, 2022

NATIONAL COMPANY LAW TRIBUNAL

National Company Law Tribunal (NCLT) has been constituted under Section 408 of the Companies Act, 2013 as Adjudicating Authority for insolvency resolution and liquidation for corporate persons. Further, for insolvency resolution and bankruptcy of partnership firms and individuals, the Debt Recovery Tribunal (the DRT) has been constituted under subsection (1) of Section 3 of the […]