Initiation of CIRP - Cheque was dishonoured - If the application ...

Dishonoured cheque can't trigger CIRP without specified default date u/s 7 of Insolvency and Bankruptcy Code.

November 8, 2022

Case Laws     Insolvency and Bankruptcy     AT

Initiation of CIRP - Cheque was dishonoured - If the application under Section 7 of the Code could be filed only when the default occurs and the date of default is conspicuous by its absence in the pleadings of the Appellant, dishonour of the cheque, as alleged by the Appellant, could not be taken as the date of default. - AT

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