Initiation of CIRP - existence of debt and dispute or not - NCLT ...

Case Laws Insolvency and Bankruptcy

December 8, 2022

Initiation of CIRP - existence of debt and dispute or not - NCLT rejected the application - the issues raised in these emails are not moonshine defense, the issues regarding quality of work were raised much prior to the issuance of Section 8 notice. - The Adjudicating Authority had to examine the defence of the Corporate Debtor to find out if there is pre-existing dispute. If the Adjudicating Authority is satisfied on those emails, it is not necessary to refer to explanations given by the Appellant. - AT

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Initiation of CIRP - existence of debt and dispute or not - NCLT ...

Case Laws Insolvency and Bankruptcy

December 8, 2022

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