Home Case Index All Cases Insolvency and Bankruptcy Insolvency and Bankruptcy + Tri Insolvency and Bankruptcy - 2021 (4) TMI Tri This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2021 (4) TMI 941 - Tri - Insolvency and BankruptcyMaintainability of application - initiation of CIRP - Corporate Debtor failed to make repayment of its dues - Operational Creditors - existence of debt and dispute or not - HELD THAT:- The documentary evidence placed on record establishes that the Corporate Debtor failed to make the payments to the Operational Creditor. Therefore, all the legal requirements are fulfilled, the application is admitted, and the commencement of the CIRP is ordered against M/s. RS Seven Lifestyle Private Limited, which ordinarily shall be completed within 180 days, reckoning from the day this Order is passed. Application admitted - moratorium declared.
|