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Initiation of CIRP - Quantum of Debt - Period of Limitation - ...


Corporate Insolvency Resolution Process: Debt Must Exceed Threshold for Adjudicating Authority to Consider Application. Limitation Period Crucial.

June 5, 2023

Case Laws     Insolvency and Bankruptcy     AT

Initiation of CIRP - Quantum of Debt - Period of Limitation - once the ‘threshold on debt’ is crossed, the Adjudicating Authority has to admit or reject the Application based on the Provisions of the Code. - AT

 

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