Initiation of CIRP - pre-existing dispute or not - NCLT rejected ...

Insolvency and Bankruptcy

March 28, 2022

Initiation of CIRP - pre-existing dispute or not - NCLT rejected the application - NCLAT allowed the application admitting the additional evidences - the impugned order allowing the appeal and even admitting the application u/s 9 of the Code cannot be sustained on a short point that the said additional documents were taken on record only while finally deciding the appeal and without adequate opportunity of response to the corporate debtor. However, at the same time, due consideration of the said documents also appears requisite and the documents i.e., the said e-mails, cannot be removed out of consideration only because they were not on record before NCLT. - Application restored before NCLT - SC

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Initiation of CIRP - pre-existing dispute or not - NCLT rejected ...

Insolvency and Bankruptcy

March 28, 2022

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