Stay of CIRP - Its clear that debt and default are not disputed. ...

Case Laws Insolvency and Bankruptcy

March 4, 2021

Stay of CIRP - Its clear that debt and default are not disputed. The financial woes of the Appellant and the liquidity problems faced by it, whether forced upon it or of its own making, have no bearing on commencement of insolvency resolution and cannot be permitted to be a stumbling block in triggering of CIRP at the instance of Financial Creditor. - AT

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Stay of CIRP - Its clear that debt and default are not disputed. ...

Case Laws Insolvency and Bankruptcy

March 4, 2021

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