Home Case Index All Cases Insolvency and Bankruptcy Insolvency and Bankruptcy + Tri Insolvency and Bankruptcy - 2020 (3) TMI Tri This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2020 (3) TMI 25 - Tri - Insolvency and BankruptcyMaintainability of application - initiation of CIRP - Corporate Debtor failed to make repayment of its debt - recovery of the unpaid Operational Debt du - HELD THAT:- There seems to be pre-existing disputes among the parties for recovery of amount. As it is alleged that the Ex-Director of the Corporate Debtor Company, Mr.Babulal Mehta has colluded with the Petitioner and thus misused the Company's cheque in favour of the present Petitioner, which is a disputed question of facts and a debatable issue, which can be adjudicated before a Competent Civil Court - Hence, the present IB Petition is not maintainable.
|