Mediation route for operational creditors prior to NCLT process
- Posted on November 5, 2024
- By Financial Express
- 1 Views
Mediation route for operational creditors prior to NCLT process
Under IBC, once an application for initiation of CIRP is filed in the National Company Law Tribunal (NCLT), the latter is mandated to admit the application for starting the proceedings within 14 days.