Initiation of CIRP u/s 7 - Financial Creditor or not - In so far ...

CIRP Application Dismissed: No Financial Debt Found in Joint Venture, NCLT Decision Upheld.

December 8, 2023

Case Laws Insolvency and Bankruptcy AT

Initiation of CIRP u/s 7 - Financial Creditor or not - In so far as the findings of the Adjudicating Authority are concerned that both the parties being joint venture partners, there was no financial debt in terms of Section 5(8) of IBC and hence the application u/s 7 of the IBC could not be entertained, there are no error in the impugned order - NCLT rightly rejected the application - AT

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Initiation of CIRP u/s 7 - Financial Creditor or not - In so far ...

CIRP Application Dismissed: No Financial Debt Found in Joint Venture, NCLT Decision Upheld.

December 8, 2023

Case Laws Insolvency and Bankruptcy AT

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