https://www.taxtmi.com/highlights?id=56036 Initiation of CIRP - filing of application by the Promotor / Director of company - it is on record that the SIDBI and IOB, the Financial Creditors have strenuously opposed the admission of Section 10 Application by filing their Counter Affidavits. We add and express that the intention of Promotors is only to get admission and followed by imposition of Moratorium to stall all further proceedings. The IBC being a special legislation cannot be used as a tool to one’s advantage and other’s disadvantage. - AT en-us Fri, 25 Dec 2020 16:01:02 +0530 Fri, 25 Dec 2020 16:01:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=56036 Initiation of CIRP - filing of application by the Promotor / Director of company - it is on record that the SIDBI and IOB, the Financial Creditors have strenuously opposed the admission of Section 10 Application by filing their Counter Affidavits. We add and express that the intention of Promotors is only to get admission and followed by imposition of Moratorium to stall all further proceedings. The IBC being a special legislation cannot be used as a tool to one’s advantage and other’s disadvantage. - AT Highlights Insolvency and Bankruptcy Fri, 25 Dec 2020 16:01:02 +0530 https://www.taxtmi.com/highlights?id=56036