Insolvency & BankruptcyLegal Updates

MCA permits following people to file CIRP on behalf of financial creditor

IBBI Update

MCA allows following person on behalf of the financial creditor to file an application for initiating corporate insolvency resolution process against a corporate debtor before the Adjudicating Authority : –
a. guardian;
b. an executor or administrator of an estate of a financial creditor; c. a trustee (including a debenture trustee); and
d.  a person duly authorised by the Board of Directors of a Company
Show More

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *