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IBC - Highlights / Catch Notes

Home Highlights August 2023 Year 2023 This

Initiation of CIRP - NCLT rejected the application - It is ...

Insolvency and Bankruptcy

August 4, 2023

Initiation of CIRP - NCLT rejected the application - It is settled law that what has to be seen is whether a dispute raised is spurious or genuine. Keeping in view the documentary evidence on record, this Tribunal is satisfied that the dispute raised is a spurious one specifically having regard to the admission of liability - NCLT directed to admit the application - AT

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