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IBC - Highlights / Catch Notes

Home Highlights May 2020 Year 2020 This

Initiation of CIRP - Corporate Debtor failed to make repayment ...

Insolvency and Bankruptcy

May 8, 2020

Initiation of CIRP - Corporate Debtor failed to make repayment of its debt - the belatedly raised dispute without establishing nexus and relevance cannot be termed as genuine dispute - this Tribunal is inclined to initiate Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor as envisaged under the provisions of IBC, 2016.

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