Initiation of Corporate Insolvency Resolution Process - the ...

Operational Creditor's Insolvency Application Rejected Due to Existing Dispute Under Insolvency and Bankruptcy Code Provisions.

January 25, 2019

Case Laws Insolvency and Bankruptcy Tri

Initiation of Corporate Insolvency Resolution Process - the moment there is existence of a dispute the operational creditor gets out of the clutches of the Code. - the application fails and rejected.

View Source

← Previous Next →

Initiation of Corporate Insolvency Resolution Process - the ...

Operational Creditor's Insolvency Application Rejected Due to Existing Dispute Under Insolvency and Bankruptcy Code Provisions.

January 25, 2019

Case Laws Insolvency and Bankruptcy Tri

You may also like:

NCLAT dismissed the appeal filed by the Operational Creditor against the Corporate Debtor's Section 9 Application rejection. The tribunal found a pre-existing dispute...

The Appellate Tribunal dismissed the appeal filed by the Operational Creditor u/s 9 of the Insolvency and Bankruptcy Code, 2016. The application was initially rejected...

The Appellate Tribunal upheld the Adjudicating Authority's rejection of the Section 9 application filed by the Operational Creditor. The key points are: The Operational...

Maintainability of application u/s 9 of IBC, 2016 for non-payment of dues arising from supply of manpower services hinges on existence of pre-existing dispute between...

CIRP - Rejection of Section 9 Application on the ground of pre-existing dispute - The dispute stemmed from services provided by the Operational Creditor to the Corporate...

The Corporate Debtor admitted outstanding operational debt owed to the Operational Creditor, citing adverse cash flow as the reason for non-payment, without attributing...

Corporate Debtor failed to repay operational debt of rent to Operational Creditor as per lease deed. Operational Creditor consistently pressed for outstanding dues...

NCLAT analyzed a Section 9 IBC application, determining two critical issues: contract continuity and existence of pre-existing dispute. The Tribunal found that parties'...

Admission of section 9 application - initiation of CIRP - pre-existing disputes or not - he National Company Law Appellate Tribunal (NCLAT) found ample evidence of a...

NCLAT analyzed the maintainability of a Section 9 application for gratuity claims by workmen against a corporate debtor. The Tribunal held that gratuity claims...

The NCLAT held that the corporate debtor failed to substantiate a pre-existing dispute with the operational creditor regarding the unpaid operational debt. The corporate...

NCLAT dismissed the appeal, rejecting the operational creditor's Section 9 application for initiating corporate insolvency resolution process. The tribunal found...

Corporate Debtor failed to repay operational dues, leading to a Section 9 application by the Operational Creditor. However, pre-existing disputes were evident from the...

Initiation of CIRP - Operational Creditors - existence of pre-existing dispute or not - Careful reading of Section 8(2)(a) of the Code provides that the existence of...

CIRP proceedings - NCLT admitted the application - dispute was existing or not - There is no quarrel with the law laid down by this Tribunal that the electronic evidence...

Quick Updates: