Home Case Index All Cases Insolvency and Bankruptcy Insolvency and Bankruptcy + AT Insolvency and Bankruptcy - 2019 (2) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2019 (2) TMI 1990 - AT - Insolvency and BankruptcyMaintainability of application - initiation of CIRP - Corporate Debtor failed to make repayment of its dues - Financial Creditors - existence of debt and dispute or not - HELD THAT:- There is a debt which was payable and in terms of the settlement it was not paid and, therefore, the application under Section 7 was maintainable. Learned Counsel appearing on behalf of the group of allottees submits that in their cases also the Real Estate Owner (‘Corporate Debtor) has failed to provide the flats and/or refund the amount. They have jointly applied as ‘Resolution Applicants’ and their ‘Resolution Plan’ is pending consideration. - Appeal dismissed.
|