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Home Highlights July 2021 Year 2021 This

Seeking withdrawal of admitted application - It is not the case ...


Intervenors Seek Withdrawal Without Pending Demand Notice; Emphasize Revival Over Debt Recovery Under Insolvency Code Section 8.

July 17, 2021

Case Laws     Insolvency and Bankruptcy     AT

Seeking withdrawal of admitted application - It is not the case of the Intervenors that Demand Notice under Section 8 is pending. It is only their case that money is due. Before Constitution of Committee of Creditors mere filing of a ‘Claim’ does not constitute default per se - the prime objective of the Code is not recovery, but revival - AT

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