Getz Cables vs. SBI: Can Filing a Section 10 Petition After SARFAESI Act Actions Be Fraudulent or Malicious?
The article explores the NCLAT Judgement in Getz Cables Pvt. Ltd. vs. SBI on whether filing a Section 10 petition after SARFAESI Act actions can be considered fraudulent or malicious under Section 65 of the IBC. The NCLAT in a recent decision titled Getz Cables Private Limited Versus State Bank of India and Another[1] has held that filing an application […]
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