CIRP - Neither the Section of law nor the Regulation says that ...

Insolvency and Bankruptcy

March 16, 2021

CIRP - Neither the Section of law nor the Regulation says that the claim of a debt can be made only when there is a default. The debt and default would be a sine qua non for the admission of a Section 7 or Section 9 or Section 10 petition. But for filing claim before IRP, mere debt is sufficient and it would not be necessary that the debt has been defaulted. - Tri

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CIRP - Neither the Section of law nor the Regulation says that ...

Insolvency and Bankruptcy

March 16, 2021

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