Initiation of CIRP - the Corporate Debtor has tried to take ...

NCLT orders CIRP initiation as Corporate Debtor fails to reconcile accounts after multiple requests from Operational Creditor.

December 22, 2022

Case Laws Insolvency and Bankruptcy AT

Initiation of CIRP - the Corporate Debtor has tried to take advantage of their own wrong of being lackadaisical in reconciling the accounts in spite of nearly 30 requests made by the Operational Creditor to do so. In the entire discussion by the Adjudicating Authority, it is found that no notice has been taken in respect of repeated and multiple reminders sent by the Operational Creditor to the Corporate Debtor in this regard including undertaking visits to the office of the Corporate Debtor. - NCLT directed to pass order for admition of the application - AT

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Initiation of CIRP - the Corporate Debtor has tried to take ...

NCLT orders CIRP initiation as Corporate Debtor fails to reconcile accounts after multiple requests from Operational Creditor.

December 22, 2022

Case Laws Insolvency and Bankruptcy AT

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