Admissibility of application - initiation of CIRP - The ...

NCLT's Rejection of Section 7 Application Overturned; CIRP Initiated After Default Proven in Guarantee Agreements.

October 3, 2019

Case Laws Insolvency and Bankruptcy AT

Admissibility of application - initiation of CIRP - The appellant has succeeded in proving the existence of a default in terms of the guarantee agreements. The NCLT has committed error in rejecting the application filed under Section 7 of I&B Code by the appellant.

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Admissibility of application - initiation of CIRP - The ...

NCLT's Rejection of Section 7 Application Overturned; CIRP Initiated After Default Proven in Guarantee Agreements.

October 3, 2019

Case Laws Insolvency and Bankruptcy AT

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