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query regarding if i can approach the nclt or not


14-Jan-2023 (In Corporate Law)
a suit instituted for recovery of money in 2012 was rejected in 2019 by a civil court because they did not have jurisdiction (cause of action arose somewhere else). Can i approach the NCLT now and under what law or case law
Answers (2)

Answer #1
638 votes
To approach NCLT there are certain terms and conditions which need to be fulfilled. If the case is afainst private limited company then you can send notice to them. Apart from this orher criteria is also involve for which you need to be more specific about the parties of the suit.
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Advocate Ruchi Singh

Adv. Ruchi Singh

LawRato Navi Mumbai | 100+ Answers
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Answer #2
670 votes
Yes, you can approach NCLT if you have to recover money from a registered/listed Company & LLP in India. You to file a Petition in a prescribed format, otherwise, you'll not be able to lodge case successfully. Moreover, initiating NCLT Proceedings is one of the fastest model of money recovery under the Insolvency & Bankruptcy Code.
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Advocate Pankaj Bajaj

Adv. Pankaj Bajaj

LawRatoMumbai | 1000+ Answers
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