Case Law Analysis
|National Company Law Appellate Tribunal
Section 14 IBC Contribution Order Valid Without Section 66 Finding | NCLAT
NCLAT ruled that a contribution order under Section 14 of the IBC can be imposed without a prior Section 66 finding, and that a Section 74 direction is only a reference now rendered moot by amendment. This means directors and resolution professionals may be liable for contributions during the moratorium even absent a default finding.