Validity of application admitted for initiation of CIRP - It ...

CIRP Initiation Valid: No Genuine Dispute Found; Civil Suit Post-Notice Doesn't Qualify as Pre-Existing Dispute.

May 28, 2021

Case Laws Insolvency and Bankruptcy AT

Validity of application admitted for initiation of CIRP - It cannot be held that there was any dispute in regard to the transaction in question. It seems that in order to avoid the liability, the Corporate Debtor through its reply to notice, tried to impress that there was a pre-existing dispute. - The Civil Suit has been filed after receipt of statutory notice, therefore, such Civil Suit cannot be treated as existence of dispute - AT

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Validity of application admitted for initiation of CIRP - It ...

CIRP Initiation Valid: No Genuine Dispute Found; Civil Suit Post-Notice Doesn't Qualify as Pre-Existing Dispute.

May 28, 2021

Case Laws Insolvency and Bankruptcy AT

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