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IBC - Highlights / Catch Notes

Home Highlights February 2018 Year 2018 This

Insolvency resolution process - The petitioner cannot be forced ...

Insolvency and Bankruptcy

February 13, 2018

Insolvency resolution process - The petitioner cannot be forced to buy goods from the respondent-corporate debtor and it has every right to claim the outstanding amount which is overdue. - The respondent cannot raise a voice to say that there was no term fixed for payment for the outstanding amount on the ground that the transactions between the parties continued in the normal course of business since 2012 - Tri

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