TMI BlogInitiation of CIRP - NCLT dismissed the application on the ground that petitioner failed to prove the...Initiation of CIRP - NCLT dismissed the application on the ground that petitioner failed to prove the debt and the liability to pay the same by the corporate debtor - To reiterate, an Agreement has been entered into only for Season-2 and in the absence of any such Agreement for the other seasons, the Appellant/Operational Creditor has failed to discharge its burden that there was indeed an Operational Debt which was due and payable. - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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