https://www.taxtmi.com/highlights?id=56429 Initiation of CIRP - The existence of debt and default is established and no winding up proceedings against the appellant and appellant is not covered by the ineligibilities provided under Section 11 of the I&B Code. However, the adjudicating authority has rejected the application on extraneous grounds. Therefore, the impugned order is set aside. - AT en-us Fri, 22 Jan 2021 10:49:20 +0530 Fri, 22 Jan 2021 10:49:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=56429 Initiation of CIRP - The existence of debt and default is established and no winding up proceedings against the appellant and appellant is not covered by the ineligibilities provided under Section 11 of the I&B Code. However, the adjudicating authority has rejected the application on extraneous grounds. Therefore, the impugned order is set aside. - AT Highlights Insolvency and Bankruptcy Fri, 22 Jan 2021 10:49:20 +0530 https://www.taxtmi.com/highlights?id=56429