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IBC - Highlights / Catch Notes

Home Highlights January 2023 Year 2023 This

CIRP - default of the Corporate Debtor in paying the dues of ...

Insolvency and Bankruptcy

January 7, 2023

CIRP - default of the Corporate Debtor in paying the dues of Noida Authority - The Adjudicating Authority did not commit any error in allowing Section 65 Applications and rejecting the Section 10 Application. When Applications under Section 65 were allowed holding that initiation of proceedings under Section 10 was done fraudulently and maliciously for purpose other than resolution, rejection of Section 10 Application is consequent and inescapable - AT

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