What Is This Act / Rule About? Finance Act 2017: The Finance Act, 2017 is an extensive law that is mainly passed in order to bring into practice the Union Budget of 2017-18. Other than tax related provisions, the Act also introduced some structural and institutional adjustments in different laws. Competition law was one of...
Author: Ankita Bhandari (Ankita Bhandari)
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Financial Creditor: Meaning, Importance & Simple Example
Financial Creditor is a very frequent term in the corporate and insolvency news. The interpretation of this term makes it a lot easier to track the cases involving debt, bankruptcy, and NCLT. What is a Financial Creditor? A Financial Creditor refers to an individual or an institution that advances money to a company expecting the...
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What Is NCLAT? Simple Meaning, Role, and How It Differs from NCLT
One legal institution in India that is relevant to appeals made in relation to a company is the National Company Law Appellate Tribunal (NCLAT). NCLAT is simply the destination one needs when he or she is not content with a decision by NCLT. It fulfills the role of a higher authority which revises and re-examines...