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IBC - Highlights / Catch Notes

Home Highlights January 2022 Year 2022 This

Maintainability of application - initiation of CIRP - The ...

Case Laws     Insolvency and Bankruptcy

January 19, 2022

Maintainability of application - initiation of CIRP - The Adjudicating Authority has also recorded finding that claim for interest on the delayed payment is a disputed fact by the Corporate Debtor and it can only be adjudicated by a court of competent jurisdiction. The claim of interest being disputed, no error has been committed by the Adjudicating Authority in rejecting the Application under Section 9 of the Code. - AT

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