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IBC - Highlights / Catch Notes

Home Highlights August 2020 Year 2020 This

CIRP process - NPA - relevant date of default - The Admission ...


Debt Acknowledgment Valid Without Specific Amount in CIRP and NPA Contexts; Claim Verification Request Suffices.

August 26, 2020

Case Laws     Insolvency and Bankruptcy     AT

CIRP process - NPA - relevant date of default - The Admission need not be in regard to any precise amount nor by expressed words. If a defendant writes to the plaintiff requesting him to send his claim for verification of payment it amounts to an acknowledgement. - AT

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