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IBC - Highlights / Catch Notes

Home Highlights June 2021 Year 2021 This

Initiation of CIRP - The Applicant failed to establish the ...

Insolvency and Bankruptcy

June 3, 2021

Initiation of CIRP - The Applicant failed to establish the "debt" and "default". Since IBC is a rigorous act, it ought to be exercised with abundant caution. There ought to be no doubt of "alleged debt". Since there are lot of ambiguity regarding supply and payment, the application is dismissed. - Tri

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