Extent of Discretionary Power of NCLT under Section 7 of Insolvency and Bankruptcy Code

Author(s)	Pradeeksha.V, Saranya.S
Country	India
Abstract	The research paper at hand aims at identifying critical aspects around the so said "discretion" given to the NCLT with respect to admission of application for Corporate Insolvency Resolution Proceeding (CIRP) by a financial creditor. The law in this aspect is quit unresolved at the moment and requires the involvement of the legislature or the judiciary to give out the answer with this regard. Additionally, the difference between an operational creditor and a financial creditor is also analysed in this paper.
Keywords	Insolvency and Bankruptcy Code, Corporate Insolvency Resolution Proceedings (CIRP), National Company Law Tribunal (NCLT), Financial Creditors, Operational Creditors, Corporate Debtor
Field	Sociology > Administration / Law / Management
Published In	Volume 6, Issue 1, January-February 2024
Published On	2024-01-28
Cite This	Extent of Discretionary Power of NCLT under Section 7 of Insolvency and Bankruptcy Code - Pradeeksha.V, Saranya.S - IJFMR Volume 6, Issue 1, January-February 2024. DOI 10.36948/ijfmr.2024.v06i01.12586
DOI	https://doi.org/10.36948/ijfmr.2024.v06i01.12586
Short DOI	https://doi.org/gtghmw

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