Fraudulent initiation of insolvency proceedings by the ...

Case Laws Insolvency and Bankruptcy

November 7, 2022

Fraudulent initiation of insolvency proceedings by the Operational Creditor in collusion with the Corporate Debtor - When the date of default given by Operational Creditor in Section 9 Application is 31.03.2020, the mere fact that acknowledgement has been given by Corporate Debtor on 03.06.2021 accepting the debt, shall not change the date of default - the reasons given by the Adjudicating Authority that since acknowledgement is 03.06.2021, the date of default will become 03.06.2021 is not agreed upon. - AT

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Fraudulent initiation of insolvency proceedings by the ...

Case Laws Insolvency and Bankruptcy

November 7, 2022

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