Dismissal of section 7 application - existence of debt and ...

Insolvency and Bankruptcy

January 5, 2024

Dismissal of section 7 application - existence of debt and default - interest-free unsecured loans given by the shareholder to the company - the Adjudicating Authority has rightly concluded that it was not satisfied with the evidence produced before it by the financial creditor to prove that a debt had crystallized beyond doubt and that a default has occurred. - AT

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Dismissal of section 7 application - existence of debt and ...

Insolvency and Bankruptcy

January 5, 2024

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