https://www.taxtmi.com/caselaws?id=774652 The SC dismissed an appeal challenging the National Company Law Appellate Tribunal's order dated 01.05.2025. The case involved a Section 7 application filed by an assignee under an assignment agreement executed by a bank. Key issues included the validity of the assignment agreement, whether the Section 7 application was barred by limitation, and whether depositing the principal amount as mentioned in Part IV of the Section 7 application would discharge the financial creditor's debt. The SC found no good reason to interfere with the appellate tribunal's decision. en-us Fri, 23 May 2025 00:00:00 +0530 Sat, 12 Jul 2025 09:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=774652 The SC dismissed an appeal challenging the National Company Law Appellate Tribunal's order dated 01.05.2025. The case involved a Section 7 application filed by an assignee under an assignment agreement executed by a bank. Key issues included the validity of the assignment agreement, whether the Section 7 application was barred by limitation, and whether depositing the principal amount as mentioned in Part IV of the Section 7 application would discharge the financial creditor's debt. The SC found no good reason to interfere with the appellate tribunal's decision. Case-Laws IBC Fri, 23 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=774652