Initiation of CIRP - A perusal of the contents of the reply to ...

Tribunal Confirms No Dispute from Corporate Debtor; Upholds Corporate Insolvency Resolution Process Order as Error-Free.

February 22, 2021

Case Laws     Insolvency and Bankruptcy     AT

Initiation of CIRP - A perusal of the contents of the reply to the Demand Notice, this Tribunal is unable to find any ‘Dispute’. It is seen from the record that at the earliest point of time, the Corporate Debtor did not raise any dispute that existed between the parties. For all the reasons assigned in this instant Appeal, we do not find any illegality or infirmity in the Order passed by the Learned Adjudicating Authority warranting our interference - AT

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