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Home Highlights April 2021 Year 2021 This

Initiation of CIRP - While initiating CIRP, one of the criteria ...

Insolvency and Bankruptcy

April 23, 2021

Initiation of CIRP - While initiating CIRP, one of the criteria is solvency of CD apart from debt and default in question. It is settled position of law that the provisions of the Code cannot be invoked for recovery of outstanding amount, and it cannot be misused to drop curtain on healthy organisation. - Tri

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