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IBC - Highlights / Catch Notes

Home Highlights August 2019 Year 2019 This

Application u/s 7 of the I&B Code - Mere pendency of the case ...

Insolvency and Bankruptcy

August 26, 2019

Application u/s 7 of the I&B Code - Mere pendency of the case before the DRT for adjudicating of such disputed amount cannot be a ground to reject the application u/s 7 of the I&B Code, if the Adjudicating Authority is satisfied that there is a ‘debt’ and ‘default’ and the application is complete.

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