Continuation of CIRP proceedings when the operational debts have ...

CIRP Process Ends as Debtor Settles Operational Debts; Appellant Liable for Interest Under Supply Agreement.

May 31, 2023

Case Laws Insolvency and Bankruptcy AT

Continuation of CIRP proceedings when the operational debts have been paid by the corporate debtors - Appellant cannot get away from liability of interest by saying that it has requested the Operational Creditor to challenge the levy of interest since if the liability of the interest is of the Appellant as per the Supply Agreement - Section 9 application which was filed by the Operational Creditor, the entire Operational Debt having been paid by the Corporate Debtor, there is no useful purpose in continuing the Section 9 proceeding any further. - CIRP process things closed - AT

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Continuation of CIRP proceedings when the operational debts have ...

CIRP Process Ends as Debtor Settles Operational Debts; Appellant Liable for Interest Under Supply Agreement.

May 31, 2023

Case Laws Insolvency and Bankruptcy AT

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