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NCLT Proceedings
Corporate insolvency resolution, liquidation applications, CIRP
What are NCLT Proceedings?
📌 Overview
National Company Law Tribunal (NCLT) handles corporate insolvency, liquidation, and company law matters. HLAPL provides representation in NCLT proceedings including CIRP and liquidation applications.
✅ Key Aspects
Corporate Insolvency Resolution Process (CIRP), Liquidation applications, Resolution plan approval, Avoidance applications, Oppression and mismanagement petitions, Winding up petitions, Appeal to NCLAT.
⚖️ Legal Framework
Governed by Insolvency and Bankruptcy Code, 2016 and Companies Act, 2013. NCLT has jurisdiction over corporate debtors. HLAPL ensures effective representation.
Important FAQs
❓ What is the difference between CIRP and liquidation?
CIRP aims to revive corporate debtor through resolution plan. Liquidation is sale of assets when revival not possible. HLAPL advises on both.
❓ Who can file CIRP application?
Financial creditors, operational creditors, or corporate debtor itself. HLAPL assists in application filing.
❓ What is appeal process against NCLT order?
Appeal to NCLAT within 45 days. HLAPL handles appeals before NCLAT.
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