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The Bench reiterated that that unpaid instalments under a settlement agreement cannot be treated as operational debt as per Section 5(21) of the IBC. ....
NCLT Benches To Switch Back To Virtual Hearings From April 12 Share This - x Due to sharp increase in COVID-19 cases throughout the country, the National Company Law Tribunal has decided to take up regular hearing through Video Conference w.e.f. 12 th April, at all its Benches. The decision comes in supersession of its order dated February 23, for resumption of physical hearings. The Tribunal has notified the Benches that will take up cases through virtual mode. The Principal Bench of the NCLT shall comprise of BSV Prakash Kumar (Acting President) and Hemant Kumar Sarangi (Member). Further, five Division Benches will function in the prescribed alternate arrangement at Delhi, two Division Benches shall be functional in Chennai and five in Mumbai (of these two Division Benches will function in an alternate fashion). ....
NCLT Benches To Resume Physical Hearings From March 1 livelaw.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from livelaw.in Daily Mail and Mail on Sunday newspapers.