Maintainability of petition - initiation of CIRP - The law which ...

Case Laws Insolvency and Bankruptcy

June 16, 2020

Maintainability of petition - initiation of CIRP - The law which was prevalent on the date when the main CP application was filed, proceeded with and when the matter was finally heard and reserved thereafter on 04.03.2020, is required to be disposed of by this Tribunal considering only the pecuniary limits of ₹ 1 Lakh for maintaining a Petition under Section 9 of I&B Code, 2016 by an Operational Creditor, and in the circumstances, this Tribunal at the time of pronouncement hence was not lacking in pecuniary jurisdiction.

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Maintainability of petition - initiation of CIRP - The law which ...

Case Laws Insolvency and Bankruptcy

June 16, 2020

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