Initiation of CIRP - The Petitioner has approached this forum ...

Petition for Corporate Insolvency Resolution Process dismissed; company not insolvent, experiencing growth, no financial debt found.

July 3, 2020

Case Laws Insolvency and Bankruptcy Tri

Initiation of CIRP - The Petitioner has approached this forum only for recovery. He has not made out any case that the Corporate Debtor is insolvent and unable to repay its debts because of which CIRP should be initiated against it. We find that the Company is seeing an upswing in its business. - There was no financial debt within the meaning of the Code - Petition dismissed.

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Initiation of CIRP - The Petitioner has approached this forum ...

Petition for Corporate Insolvency Resolution Process dismissed; company not insolvent, experiencing growth, no financial debt found.

July 3, 2020

Case Laws Insolvency and Bankruptcy Tri

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