Informative

No Right to Bankrupt Individual in Seeking Discharge u/s 138(1) of IBC: NCLT

Update / Judgement Date

17 Feb 2025

Source

Taxscan

Author

Team — WCP Legal Desk

Reading Time

1 min read

Insolvency & Bankruptcy CodeOther Legal Matters

The NCLT upheld the right of a bankrupt individual seeking discharge under the IBC. This clarifies the process and rights of individuals undergoing bankruptcy proceedings. It provides guidance on the legal framework for insolvency and bankruptcy.

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No Right to Bankrupt Individual in Seeking Discharge u/s 138(1) of IBC: NCLT

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