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IBC - Highlights / Catch Notes

Home Highlights July 2021 Year 2021 This

Initiation of CIRP - Time limit - Corporate Debtor failed to ...

Insolvency and Bankruptcy

July 2, 2021

Initiation of CIRP - Time limit - Corporate Debtor failed to make repayment of its dues - Term loan granted on 17th March, 2011 and other financial services were referred to the Corporate Debtor as per other agreements referred - When the account become NPA on 15th March, 2016 and there was default, the Corporate Debtor acknowledged liability on 10th July, 2018 as per the document at page 309 and thus, the application filed in 2019 could not be said to be time barred. - AT

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