{"id":2497,"date":"2024-10-20T18:03:34","date_gmt":"2024-10-20T18:03:34","guid":{"rendered":"http:\/\/sierrascreen.com\/?p=2497"},"modified":"2024-10-27T10:10:47","modified_gmt":"2024-10-27T10:10:47","slug":"nclt-rejects-rec-plea-against-global-metal-over-default-date","status":"publish","type":"post","link":"http:\/\/sierrascreen.com\/index.php\/2024\/10\/20\/nclt-rejects-rec-plea-against-global-metal-over-default-date\/","title":{"rendered":"NCLT rejects REC plea against global metal over default date"},"content":{"rendered":"<p>The National Company Law Tribunal (NCLT) rejected REC Ltd&#8217;s application against Global Metal &amp; Energy Pvt Ltd. The tribunal ruled that the company&#8217;s default occurred during the Covid-19 period, when insolvency proceedings were barred. This decision sets a precedent, highlighting that lenders cannot change the date of default by issuing fresh notices post the prohibited period. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The National Company Law Tribunal (NCLT) rejected REC Ltd&#8217;s application against Global Metal &amp; Energy Pvt Ltd. The tribunal ruled that the company&#8217;s default occurred during the Covid-19 period, when<\/p>\n<p class=\"more-link\"><a href=\"http:\/\/sierrascreen.com\/index.php\/2024\/10\/20\/nclt-rejects-rec-plea-against-global-metal-over-default-date\/\" class=\"readmore\">Continue reading<svg class=\"icon icon-arrow-right\" aria-hidden=\"true\" role=\"img\"> <use href=\"#icon-arrow-right\" xlink:href=\"#icon-arrow-right\"><\/use> <\/svg><span class=\"screen-reader-text\">NCLT rejects REC plea against global metal over default date<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":2499,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[9],"tags":[],"_links":{"self":[{"href":"http:\/\/sierrascreen.com\/index.php\/wp-json\/wp\/v2\/posts\/2497"}],"collection":[{"href":"http:\/\/sierrascreen.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/sierrascreen.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/sierrascreen.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/sierrascreen.com\/index.php\/wp-json\/wp\/v2\/comments?post=2497"}],"version-history":[{"count":1,"href":"http:\/\/sierrascreen.com\/index.php\/wp-json\/wp\/v2\/posts\/2497\/revisions"}],"predecessor-version":[{"id":2498,"href":"http:\/\/sierrascreen.com\/index.php\/wp-json\/wp\/v2\/posts\/2497\/revisions\/2498"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/sierrascreen.com\/index.php\/wp-json\/wp\/v2\/media\/2499"}],"wp:attachment":[{"href":"http:\/\/sierrascreen.com\/index.php\/wp-json\/wp\/v2\/media?parent=2497"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/sierrascreen.com\/index.php\/wp-json\/wp\/v2\/categories?post=2497"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/sierrascreen.com\/index.php\/wp-json\/wp\/v2\/tags?post=2497"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}