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IBC - Highlights / Catch Notes

Home Highlights December 2021 Year 2021 This

Dishonor of cheque - Corporate Debtor failed to repayment of its ...


Corporate Debtor's Cheque Dishonor: IBC vs. NI Act in Business Disputes; Genuine Disputes Exempt IBC Provisions.

December 2, 2021

Case Laws     Insolvency and Bankruptcy     AT

Dishonor of cheque - Corporate Debtor failed to repayment of its dues - business dispute including the disputes with respect of dishonoured of cheques - applicability of provisions of NI Act or IBC - IBC is not intended to be a substitute to a recovery forum and also laid down that whenever there is existence of real dispute, the IBC provisions cannot be invoked. - AT

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