You are here: Home » Economy & Policy » News
RBI blames banks for Mudra loan defaults; bankers say can't help
Can't say when NBFC crisis will finish; trying to avoid contagion: RBI Guv
Business Standard

Can we pass an arrest order under insolvency law, NCLAT asks Centre

Section 74(3) of the IBC stipulates that officers of those companies who knowingly and wilfuly contravene the terms of the resolution plan should be sentenced to imprisonment

Topics
NCLT | NCLAT | IBC

Aashish Aryan  |  New Delhi 



nclat

The National Company Law Appellate Tribunal (NCLAT) has sought response from the Ministry of Corporate Affairs and the Insolvency and Bankruptcy Board of India on whether it or the National Company Law Tribunal (NCLT) can pass penal orders against entities which are successful bidders for companies under the Corporate Insolvency Resolution Process (CIRP), but fails to follow the process through.

TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST RS 249 A MONTH.

SUBSCRIBE TO INSIGHTS

What you get on Business Standard Premium?

  • icon Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • icon Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • icon Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
  • icon Pick your 5 favourite companies, get a daily email with all news updates on them.
  • icon 26 years of website archives.
  • icon Preferential invites to Business Standard events.

OR


Subscribe to Business Standard Premium

Exclusive Stories, Curated Newsletters, 26 years of Archives, E-paper, and more!

Insightful news, sharp views, newsletters, e-paper, and more! Unlock incisive commentary only on Business Standard.

Download the Business Standard App for latest Business News and Market News .

First Published: Mon, July 22 2019. 02:37 IST

RECOMMENDED FOR YOU

.