Finally Interpretation Of Dispute By NCLAT In Kirusa V Mobilox – Live Law
Under the Insolvency and Bankruptcy Code, 2016 (Code), an operational creditor can initiate a corporate insolvency resolution process (CIRP) of the corporate debtor by filing an application before the relevant National Company Law Tribunal (NCLT/ Adjudicating Authority) upon occurrence of a default in payment of its operational debt. However, the operational creditor must first send…