https://www.taxtmi.com/highlights?id=53375 Initiation of CIRP - sub-sequent application was maintainable, as we find that financial debt is payable to the appellants, particularly the second appellant as there is a default and the "corporate debtor" has failed to make out a case that it is barred by limitation and is not payable in law, we hold that this was a fit case for Adjudicating Authority to admit the application under section 7 and initiate "corporate insolvency resolution process" en-us Wed, 13 May 2020 11:02:06 +0530 Wed, 13 May 2020 11:02:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=53375 Initiation of CIRP - sub-sequent application was maintainable, as we find that financial debt is payable to the appellants, particularly the second appellant as there is a default and the "corporate debtor" has failed to make out a case that it is barred by limitation and is not payable in law, we hold that this was a fit case for Adjudicating Authority to admit the application under section 7 and initiate "corporate insolvency resolution process" Highlights Insolvency and Bankruptcy Wed, 13 May 2020 11:02:06 +0530 https://www.taxtmi.com/highlights?id=53375