Increased Threshold To Trigger Insolvency Doesn’t Apply Retrospectively, Says NCLT Kolkata
Trains sits idle at the New Delhi Junction railway station during a lockdown imposed due to the coronavirus. (Photographer. T. Narayan/Bloomberg)

Increased Threshold To Trigger Insolvency Doesn’t Apply Retrospectively, Says NCLT Kolkata

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The Kolkata bench of the National Company Law Tribunal ruled that the revised minimum threshold to trigger insolvency proceedings against companies will not apply on a retrospective basis.The bench...
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