Corporate Debtor Cannot Escape Liability By Transferring Debt To Holding Company: NCLT New Delhi

Mohd.Rehan Ali

22 Oct 2025 4:35 PM IST

  • Corporate Debtor Cannot Escape Liability By Transferring Debt To Holding Company: NCLT New Delhi

    The National Company Law Tribunal (NCLT), New Delhi Bench, comprising Shri Manni Sankariah Shanmugha Sundaram (Member-Judicial) and Shri Atul Chaturvedi (Member-Technical), has observed that merely the internal arrangements between the group companies cannot absolve the corporate debtor of its obligation towards third-party creditors. The appellant was engaged in the trade of Kraft...

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