Informative

Senior Advocate's Application For CIRP Over Non Payment Of Legal Fees: NCLT Delhi Rejects Application

Update / Judgement Date

08 Aug 2024

Source

Live Law

Author

Team — WCP Legal Desk

Reading Time

1 min read

Corporate Law & GovernanceInsolvency & Bankruptcy CodeOther Legal Matters

The National Company Law Tribunal (NCLT) initiated Corporate Insolvency Resolution Process (CIRP) against a company for non-payment of legal fees to a senior advocate. The case highlights the serious consequences of failing to meet financial obligations, even to legal professionals, and reinforces the importance of prompt payment to avoid insolvency proceedings.

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Senior Advocate's Application For CIRP Over Non Payment Of Legal Fees: NCLT Delhi Rejects Application

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