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NCLT rejects CIRP plea against Dilip Buildcon

"The NCLT only adjudicates based on admitted dues and cannot be made to conduct the proceedings by way of a detailed trial to ascertain the amount of debt claimed," said Yogendra Aldak, partner at law firm Lakshmikumaran & Sridharan Attorneys. "Hence, in cases of pre-existing disputes between an operational creditor and a corporate debtor, instead of approaching the NCLT, the operational creditor should choose other avenues including but not limited to civil suits or arbitration as the case may be." ....

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L&S lawyer Abhishek Ranjan moves to Deloitte India with team

Former Associate Partner (Indirect tax) at Lakshmikumaran & Sridharan, Abhishek Ranjan has recently moved to Deloitte India as Director, Indirect Tax. ....

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