https://www.taxtmi.com/highlights?id=53904 Initiation of CIRP - The Petitioner has approached this forum only for recovery. He has not made out any case that the Corporate Debtor is insolvent and unable to repay its debts because of which CIRP should be initiated against it. We find that the Company is seeing an upswing in its business. - There was no financial debt within the meaning of the Code - Petition dismissed. en-us Fri, 03 Jul 2020 13:56:15 +0530 Fri, 03 Jul 2020 13:56:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=53904 Initiation of CIRP - The Petitioner has approached this forum only for recovery. He has not made out any case that the Corporate Debtor is insolvent and unable to repay its debts because of which CIRP should be initiated against it. We find that the Company is seeing an upswing in its business. - There was no financial debt within the meaning of the Code - Petition dismissed. Highlights Insolvency and Bankruptcy Fri, 03 Jul 2020 13:56:15 +0530 https://www.taxtmi.com/highlights?id=53904