Filing is complete when CIRP application is presented at filing counter of Registry: NCLAT

"If we accept the submission of the Appellant that filing is postponed till it is numbered, it will lead to uncertainty and allow the Guarantors and other Respondents to delay the moratorium," the Bench held.

The National Company Law Appellate Tribunal (NCLAT), Delhi recently held that the date of filing of an application is the date when the application is placed before the Registry, and not the date when the Registry allocates a number to the application [Dinesh Kumar Basia v. State Bank of India].

Loading content, please wait...
Bar and Bench - Indian Legal news