Initiation of CIRP - Operational Creditors - existence of debt ...

Email Communication Not Debt Acknowledgment u/s 18 of Insolvency Code, Affects CIRP Initiation by Creditors.

March 25, 2022

Case Laws Insolvency and Bankruptcy AT

Initiation of CIRP - Operational Creditors - existence of debt and dispute or not - The mere fact that the e-mail was received that the matter shall be looked into. The use of exact words “I have asked Mahesh to look into your case on priority and I am hopeful you will have a resolution soon”. The above expression cannot be read any acknowledgment within the meaning of Section 18. Subsequent mail which is of 27.04.2017 which is written by one of the employees of the Corporate Debtor at Page 45 of the paper book cannot be treated to be acknowledgment by the Corporate Debtor within the meaning of Section 18 by the Corporate Debtor- AT

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Initiation of CIRP - Operational Creditors - existence of debt ...

Email Communication Not Debt Acknowledgment u/s 18 of Insolvency Code, Affects CIRP Initiation by Creditors.

March 25, 2022

Case Laws Insolvency and Bankruptcy AT

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