Section 9 NCLT Petition Under Insolvency & Banking Code
A Section 9 NCLT Petition under India’s Insolvency and Bankruptcy Code (IBC) is filed by an Operational Creditor (OC) against a Corporate Debtor (CD) to initiate Corporate Insolvency Resolution Process (CIRP) for unpaid operational debt, requiring a prior demand notice under Section 8; if the CD doesn’t pay or dispute within 10 days, the OC … Read more
