Kerala High Court

Kerala High Court stays NCLT order entertaining IBC plea filed after March 24 for default of less than Rs 1 crore

NCLT had ruled that March Notification on enhancing minimum threshold of Rs 1 crore did not apply when default dates to a time before the pandemic.

Published on:

13 Dec 2020, 1:30 am

The Kerala High Court on Friday stayed an order passed by the National Company Law Tribunal, Kochi Bench refusing to declare that an insolvency plea filed after March 24 for a default of less than Rs 1 crore was not maintainable. (M/s Tharakan Web Innovations Pvt Ltd vs NCLT & Anr)

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IBC

Kerala High Court

Insolvency

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