Initiation of CIRP - Appeal against the admission of application ...

Insolvency and Bankruptcy

April 8, 2021

Initiation of CIRP - Appeal against the admission of application - The Corporate Debtor's main contention is that the amounts paid by the Operational Creditor and its financial statements do not match. It is not for the Adjudicating Authority to ascertain, investigate, or fix the exact amount of liability at the admission stage. After the admission of the petition, it is the duty of the Resolution Professional to collate the claims and ascertain the liability. - AT

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Initiation of CIRP - Appeal against the admission of application ...

Insolvency and Bankruptcy

April 8, 2021

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