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Home Highlights December 2020 Year 2020 This

Initiation of CIRP - Default on the part of Corporate Debtor in ...


Court Finds Error in Adjudicating Authority's Decision on Debt and Service Deficiency in Corporate Insolvency Case.

December 10, 2020

Case Laws     Insolvency and Bankruptcy     AT

Initiation of CIRP - Default on the part of Corporate Debtor in making repayment of its dues - The Adjudicating Authority has landed in error in holding that there was no ‘debt’ as claimed by the Appellant and there was ‘deficiency in service’ provided by the Appellant. The findings recorded by the Adjudicating Authority are grossly erroneous and same cannot be supported. - AT

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