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Experts on Insolvency & Bankruptcy Code
  • Is Bank Certificate Mandatory

    by Sandeep on Friday, July 12, 2019 at 03:17 PM

    An Operational Creditor from India wants to file for Insolvency against a Company not making its payment. Thay are facing lot of issues in getting Bank Certificate for the outstanding receivables. Q1. Is it Mandatory to obtain Bank Certificate to file for Insolvency with NCLT ?? 2. What if the bank is not coopoerating ??

    Replied byV. S. Datey Sunday, July 14, 2019 at 08:53 AM

    it is not mandatory now u can produce other evidence V S Datey

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