https://www.taxtmi.com/caselaws?id=376860 The Supreme Court set aside the NCLAT's judgment and remanded the matter for a hearing on the merits in a case involving an Operational Creditor's demand notice under Section 8 of the Insolvency & Bankruptcy Code, 2016. The NCLAT's decision was overturned based on the interpretation that a notice issued by a Law Firm on behalf of an Operational Creditor is incorrect, as per Macquarie Bank Limited Ltd. vs. Shilpi Cable Technologies Limited, (2018) 2 SCC 674. The appeal was allowed in favor of the Operational Creditor, highlighting the importance of accurately applying legal provisions in insolvency cases. en-us Fri, 24 Aug 2018 00:00:00 +0530 Mon, 18 Mar 2019 08:41:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=376860 The Supreme Court set aside the NCLAT's judgment and remanded the matter for a hearing on the merits in a case involving an Operational Creditor's demand notice under Section 8 of the Insolvency & Bankruptcy Code, 2016. The NCLAT's decision was overturned based on the interpretation that a notice issued by a Law Firm on behalf of an Operational Creditor is incorrect, as per Macquarie Bank Limited Ltd. vs. Shilpi Cable Technologies Limited, (2018) 2 SCC 674. The appeal was allowed in favor of the Operational Creditor, highlighting the importance of accurately applying legal provisions in insolvency cases. Case-Laws Insolvency and Bankruptcy Fri, 24 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=376860