Initiation of CIRP - petition was dismissed on the ground that ...

CIRP Petition Dismissed: Respondent Not a 'Corporate Person' Under Insolvency Code, Sections 2 and 3(7) Explained.

August 5, 2021

Case Laws Insolvency and Bankruptcy AT

Initiation of CIRP - petition was dismissed on the ground that the Respondent is not a body corporate - Even if best case of the Appellant is accepted, the Society which will be deemed to be a body corporate is for the purposes as mentioned in Section 18, and not Company incorporated as such - Section 2 read with Section 3 (7) does not spell out that the Respondents Companies in these Appeals are ‘Corporate Persons’ under the ‘I&B Code’ to whom provisions for ‘I&B Code’ would apply. - AT

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Initiation of CIRP - petition was dismissed on the ground that ...

CIRP Petition Dismissed: Respondent Not a 'Corporate Person' Under Insolvency Code, Sections 2 and 3(7) Explained.

August 5, 2021

Case Laws Insolvency and Bankruptcy AT

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