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NCLT PROCEEDINGS FOR COURIER COMPANY


09-Jun-2023 (In NCLT Law)
Recovery of dues as process of resolution or liquidation yet to begin. Before lockdown Employer has taken Stay Order to restrict IRP proceedings.
Answers (2)

Answer #1
506 votes
If there is any dispute or problem moving to NCLT for recovery proceedings. Whereas you can certainly apply for the recovery of the dues through civil proceedings. There is somehow a cloud over the insolvency proceedings post lockdown due tot he latest amendment. Whereas in a pending matter before IBC it is to be seen what kind of order has been passed and if required it can be challenged in NCLAT.
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Advocate Harshit Jain

Adv. Harshit Jain

LawRato Delhi | 100+ Answers
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Answer #2
585 votes
If there is a stay order against CIRP, then firstly, it needs to be ascertained whether you have a right to recovery under the IBC or not. For that, all facts would be required to be examined by an experienced IBC lawyer to ensure that a comprehensive answer to your query can be given. You should take a legal opinion on this first.
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Advocate Anirrud Goswami

Adv. Anirrud Goswami

LawRatoDelhi | 25+ Answers
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