Initiation of CIRP - To attract the provision of IB Code under ...

Case Laws Insolvency and Bankruptcy

June 1, 2021

Initiation of CIRP - To attract the provision of IB Code under Section 9, there must be 'due' and 'default' which is found absent in the instant application - application is also not complete as the due date and default date is not provided, even no invoices are annexed or ever raised upon corporate debtor. In absence of such primary information, it is difficult to come to the conclusion that the amount claimed is operational debt - Application dismissed - Tri

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Initiation of CIRP - To attract the provision of IB Code under ...

Case Laws Insolvency and Bankruptcy

June 1, 2021

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