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NCLAT quashes Ligare Aviation's insolvency, loan from Religare Enterprises round-tripping of money

NCLAT overturns Ligare Aviation's insolvency, citing lack of genuine financial transactions and highlighting round-tripping of funds by Religare.

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economictimes.indiatimes.com

thehindubusinessline.com

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thehindubusinessline.comStai leggendo1 mese fa

NCLAT quashes Ligare Aviation's insolvency, loan from Religare Enterprises round-tripping of money

NCLAT overturns Ligare Aviation's insolvency, citing lack of genuine financial transactions and highlighting round-tripping of funds by Religare.

originale

economictimes.indiatimes.com1 mese fa

NCLAT quashes Ligare Aviation's insolvency; loan from Religare Enterprises round-tripping of money

NCLAT quashes Ligare insolvency, ruling Religare's Rs 5.87 crore loan was round-tripping, not genuine debt under IBC. For group companies, the ruling underscores compliance risk: lacking arm's-length terms on inter-company transactions creates fraud risk.

Timeline cronologica

domenica 7 giugno 2026·economictimes.indiatimes.com
NCLAT quashes Ligare Aviation's insolvency; loan from Religare Enterprises round-tripping of money
The National Company Law Appellate Tribunal has cancelled insolvency proceedings against Ligare Aviation. The tribunal found the National Company Law Tribunal wrongly admitted a…
domenica 7 giugno 2026·thehindubusinessline.com
NCLAT quashes Ligare Aviation's insolvency, loan from Religare Enterprises round-tripping of money
NCLAT overturns Ligare Aviation's insolvency, citing lack of genuine financial transactions and highlighting round-tripping of funds by Religare.