Initiation of CIRP - The Petitioner has approached this forum ...

Insolvency and Bankruptcy

July 3, 2020

Initiation of CIRP - The Petitioner has approached this forum only for recovery. He has not made out any case that the Corporate Debtor is insolvent and unable to repay its debts because of which CIRP should be initiated against it. We find that the Company is seeing an upswing in its business. - There was no financial debt within the meaning of the Code - Petition dismissed.

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Initiation of CIRP - The Petitioner has approached this forum ...

Insolvency and Bankruptcy

July 3, 2020

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