NCLT Chennai dismissed a Section 7 IBC plea, holding that a loan paid to a director’s personal account is not a company’s financial debt without proof of corporate borrowing or use of funds for its business.
Read Full ArticleUnion Minister Piyush Goyal announces major licensing fee concessions for women entrepreneurs and MSMEs, aiming to boost participation and streamline regulatory processes.
The Senior Citizen Rights Handbook is a comprehensive guide designed to empower elderly citizens with clear and accessible knowledge of their legal and social rights in India.
![Loan Paid To Director’s Personal Account Is Not Company’s Financial Debt: NCLT Chennai [Read Order]](/secure/uploads/2026/09/lj_2121_ChatGPT_Image_Sep_11,_2026,_01_49_44_AM.webp)
