Initiation of CIRP - NCLT admitted the application - Operational ...

NCLT Approves Insolvency Process for Operational Creditors Despite Dispute Over Equipment Prices; Defense Deemed Frivolous.

May 20, 2022

Case Laws Insolvency and Bankruptcy AT

Initiation of CIRP - NCLT admitted the application - Operational Creditors - pre-existing disputes with respect to the price of the equipment supplied or not - It is seen from the record that there is no ‘disputed questions of fact’ and that the argument raised regarding the existence of a dispute is a patently feeble legal argument unsupported by evidence. The defence is spurious and a plainly frivolous one. - Tri

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Initiation of CIRP - NCLT admitted the application - Operational ...

NCLT Approves Insolvency Process for Operational Creditors Despite Dispute Over Equipment Prices; Defense Deemed Frivolous.

May 20, 2022

Case Laws Insolvency and Bankruptcy AT

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