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IBC - Highlights / Catch Notes

Home Highlights December 2020 Year 2020 This

Initiation of CIRP - Section 10(4)(b) of IBC, 2016 contemplates ...

Insolvency and Bankruptcy

December 14, 2020

Initiation of CIRP - Section 10(4)(b) of IBC, 2016 contemplates that this Adjudicating Authority has the right to reject the Application if it is incomplete. As already stated supra, inspite of opportunity being granted, the Form - VI as filed by the Applicant is incomplete in all respects. Further, this Adjudicating Authority also cannot pass an order of CIRP as against M/s. Prithviraj Spinning Mills Private Limited since the name of the Company is not in existence as on date. - Tri

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