Initiation of CIRP - existence of debt and dispute or not - The ...

Court Rules Crane Rental Charges Due Regardless of Usage Under Work Order Terms; CIRP Initiated for Debt Default.

May 7, 2021

Case Laws Insolvency and Bankruptcy Tri

Initiation of CIRP - existence of debt and dispute or not - The terms and conditions in work order do not say that only if the cranes are put to use, the hiring charges shall be paid. Once based on work order, the equipment on rental basis is availed by respondent and also acknowledged by respondent, the respondent ought to settle the outstanding dues, irrespective of the fact whether the equipment was under utilisation or not - thus the 'debt' and 'default' is proved by the Applicant. - Tri

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Initiation of CIRP - existence of debt and dispute or not - The ...

Court Rules Crane Rental Charges Due Regardless of Usage Under Work Order Terms; CIRP Initiated for Debt Default.

May 7, 2021

Case Laws Insolvency and Bankruptcy Tri

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