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Initiation of CIRP - existence of genuine pre-existing dispute - ...


CIRP Initiation Challenged: Pre-existing Disputes Between Parties Confirmed, Adjudicating Authority Finds No Error in Conclusion.

October 14, 2023

Case Laws     Insolvency and Bankruptcy     AT

Initiation of CIRP - existence of genuine pre-existing dispute - From the email of 29.04.2018, it is clear that the Corporate Debtor gave opportunities to the Operational Creditor to sit across the table to sort out their problems amicably - A holistic analysis of the emails leads us to the inescapable conclusion that genuine pre-existing disputes were there and the Adjudicating Authority therefore committed no error in drawing similar conclusion of pre-existing disputes. - AT

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