Initiation of CIRP - Financial creditors - application dismissed ...

Case Laws Insolvency and Bankruptcy

January 14, 2023

Initiation of CIRP - Financial creditors - application dismissed primarily on the ground of limitation - existence of the outstanding debt and default - whether deduction of TDS is sufficient to prove that interest amount have been paid? - Reliance on the Note in the Balance Sheet - There is no acknowledgement or acceptance of the debt within that period - Appeal dismissed - AT

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Initiation of CIRP - Financial creditors - application dismissed ...

Case Laws Insolvency and Bankruptcy

January 14, 2023

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