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        Case ID :
        Insolvency and Bankruptcy

        Initiation of CIRP - existence of debt and dispute or not -...

        Court Upholds Initiation of CIRP Against Corporate Debtor Under IBC Section 9, Rejects Appellant's 'Icegate' Defense.

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                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.
                                Initiation of CIRP - existence of debt and dispute or not - dispute with regard to demand notice - The Adjudicating Authority has rightly found that there are dues outstanding which attract Section 9 of IBC. The Appellant is trying to confuse by referring to portal of ‘Icegate’ but when there are documents in favour of the Operational Creditor, it is not found that Appellant is able to show that the goods were not received and that the Corporate Debtor did not have any liability to pay. We do not find any fault with the impugned order admitting the Application under Section 9. - AT
                                Note: It is a system-generated summary and is for quick reference only.
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