Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding
  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram

TMI Blog

Home

2019 (9) TMI 1345

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... heema (Member (Judicial), Kanthi Narahari Member(Technical) For Respondents: Mr. K. Datta, Mr. Ayush Agrawal, Mr. Shikhar Mittal, Ms. Tanvi Sapra, Ms. Pallavi Srivastava, Advocates ORDER M/s Emperos Infrastructure Private Ltd. ('Operational Creditor') has filed an application under Section 9 of Insolvency and Bankruptcy Code, 2016 (in short IBC) for initiating Corporate Insolv .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... insolvency or liquidation. He placed reliance on FormV, which is the application under Section 9 IBC, but from the record, we find that no such case is made out to hold that there was any collusion between the 'Operational Creditor' and the 'Corporate Debtor' or that the Insolvency Resolution Process was initiated with malicious intent of the 'Operational Creditor' for the purpose other than Resol .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Debtor before admission of Application under Section 9 of the IBC, but no objection was raised by Corporate Debtor showing pre-existing dispute about the claims. Learned Counsel appearing on behalf of the Appellant submits that the Demand Notice was issued on 11.06.2019 before that no supply of products or services were there. But such dispute having not been raised by the Corporate Debtor before .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

 

 

 

 

Quick Updates:Latest Updates