Form 26AS evidence requires successor-entity accounting verification after business transfer, while invoice-supported related-party advertising expend...
Money-laundering judgment timing requires awaiting the scheduled-offence decision despite continuation of the underlying trial where outcomes directly...
Accredited investor eligibility expands through securities-market exposure, while alternative investment fund disputes require prescribed resolution a...
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The Appellant (SIDBI) had established a clear case of continuous defaults by the Respondent (Sambandh Finserve Private Limited) in loan repayment post the suspension period u/s 10A of the IBC. The Respondent admitted the debt and default, and the consistent default date of 10.07.2021 in the fresh application substantiated the Appellant's claim. Each failure to pay an installment constituted a fresh default, justifying initiation of insolvency proceedings u/s 7 of the IBC. The Appeal was allowed, admitting the application for Corporate Insolvency Resolution Process against the Respondent.
The Appellant (SIDBI) had established a clear case of continuous defaults by the Respondent (Sambandh Finserve Private Limited) in loan repayment post the suspension period u/s 10A of the IBC. The Respondent admitted the debt and default, and the consistent default date of 10.07.2021 in the fresh application substantiated the Appellant's claim. Each failure to pay an installment constituted a fresh default, justifying initiation of insolvency proceedings u/s 7 of the IBC. The Appeal was allowed, admitting the application for Corporate Insolvency Resolution Process against the Respondent.
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