Initiation of CIRP - existence of dispute supported by evidences ...

Corporate Insolvency Resolution Process u/s 9 blocked if there's a genuine dispute needing further investigation.

November 26, 2022

Case Laws Insolvency and Bankruptcy AT

Initiation of CIRP - existence of dispute supported by evidences - The dispute which has been raised is a genuine dispute which required further investigation, cannot be subject to a Section 9 Proceeding. It is always open for the Appellant to seek his remedy in law for recovery of dues, if any, in accordance with law but for such disputed issues, Section 9 Proceeding cannot be invoked at the instance of Operational Creditor. - AT

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Initiation of CIRP - existence of dispute supported by evidences ...

Corporate Insolvency Resolution Process u/s 9 blocked if there's a genuine dispute needing further investigation.

November 26, 2022

Case Laws Insolvency and Bankruptcy AT

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