Whether the pendency of petition under Section 19 of ‘The Recovery of Debts Due to Banks and Financial Institutions Act, 1993 can be a ground to set aside the admission order of NCLT.

ResBazz

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Whether the pendency of petition under Section 19 of ‘The Recovery of Debts Due to Banks and Financial Institutions Act, 1993 can be a ground to set aside the admission order of NCLT.

The pendency of petition under Section 19 of ‘The Recovery of Debts Due to Banks and Financial Institutions Act, 1993 cannot be a ground to set aside the admission order of NCLT.

(NCLAT order dated 17.09.2018 in the matter of BabulalVardharjiGurjar v/s Veer Gurjar Aluminium Industries Pvt. Ltd. &Anr.)
 

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