The National Company Law Appellate Tribunal (NCLAT), Principal Bench, New Delhi, comprising Justice Mr. N. Seshasayee (Member-Judicial), Mr. Arun Baroka (Member-Technical), and Mr. Indevar Pandey (Member-Technical), has held that the liquidation is the only recourse when the sole financial creditor is a related party. Background of the Case The corporate debtor, M/s/ STROS...
