Debt acknowledgment prior to limitation expiry, legal exercise ...

Debt revival by acknowledgment upheld, restructuring revocation allowed on default, malice unproven, liability reinstatement clause valid.

Case Laws IBC

October 14, 2024

Debt acknowledgment prior to limitation expiry, legal exercise of restructuring revocation upon default, compliance with circulars substantiated, unsubstantiated allegations of malice, explicit restructuring clause allowing liability reinstatement, discretion exercised per Supreme Court precedents, admitted facts and evidence upholding CIRP initiation order, appeal dismissed.

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Debt acknowledgment prior to limitation expiry, legal exercise ...

Debt revival by acknowledgment upheld, restructuring revocation allowed on default, malice unproven, liability reinstatement clause valid.

Case Laws IBC

October 14, 2024

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