https://www.taxtmi.com/caselaws?id=391226 A Section 7 insolvency application against a corporate debtor was found maintainable where project documents, demand notices, receipts and an allotment letter showed the debtor's participation in a joint venture arrangement. The contemporaneous record indicated that the corporate debtor and its wholly owned subsidiary were involved in the project, and the fact that payments were routed in the subsidiary's name did not negate the debtor's liability on the documents. On these facts, the objection to maintainability failed and the admission order in insolvency was upheld. en-us Mon, 02 Sep 2019 00:00:00 +0530 Thu, 23 Jan 2020 08:37:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=391226 A Section 7 insolvency application against a corporate debtor was found maintainable where project documents, demand notices, receipts and an allotment letter showed the debtor's participation in a joint venture arrangement. The contemporaneous record indicated that the corporate debtor and its wholly owned subsidiary were involved in the project, and the fact that payments were routed in the subsidiary's name did not negate the debtor's liability on the documents. On these facts, the objection to maintainability failed and the admission order in insolvency was upheld. Case-Laws Insolvency and Bankruptcy Mon, 02 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=391226