NCLAT: Application Filed Under Section 9 of IBC Must Fulfil Certain Conditions
An appeal was filed by the shareholder of the corporate debtor in the National Company Law Appellate Tribunal (NCLAT). The appellant challenged the decision of the National Company Law Tribunal (NCLT) dated 26th February 2020 wherein the tribunal accepted the application under section 9 of IBC by operational creditor. Facts