https://www.taxtmi.com/caselaws?id=399512 A dishonoured cheque acknowledging an operational liability, together with the absence of credible contemporaneous protest or documentary challenge, was treated as sufficient to establish debt and default for admission of a CIRP application. The tribunal rejected the plea of pre-existing dispute because it was raised belatedly and was unsupported by reliable material, and it also rejected limitation on the basis that the cheque evidenced subsisting liability and the application was filed within time. The application was admitted, CIRP was ordered to commence, and moratorium followed. en-us Thu, 28 May 2020 00:00:00 +0530 Tue, 13 Oct 2020 12:37:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=399512 A dishonoured cheque acknowledging an operational liability, together with the absence of credible contemporaneous protest or documentary challenge, was treated as sufficient to establish debt and default for admission of a CIRP application. The tribunal rejected the plea of pre-existing dispute because it was raised belatedly and was unsupported by reliable material, and it also rejected limitation on the basis that the cheque evidenced subsisting liability and the application was filed within time. The application was admitted, CIRP was ordered to commence, and moratorium followed. Case-Laws Insolvency and Bankruptcy Thu, 28 May 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=399512