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IBC - Highlights / Catch Notes

Home Highlights March 2020 Year 2020 This

Admissibility of application - initiation of CIRP - Having made ...


CIRP Application Dismissed: Payment Made Before Process Initiation, No Financial Debt or Default Detected.

March 2, 2020

Case Laws     Insolvency and Bankruptcy     AT

Admissibility of application - initiation of CIRP - Having made the payment prior to initiation of CIRP, we are of the view that the case of the Respondent/Applicant cannot be treated as a Financial debt and default, in view of no debt payable to the Financial Creditor. - AT

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