https://www.taxtmi.com/highlights?id=57592 Initiation of CIRP - Since it has been categorically covenanted that the payment had to be made on or before 31/03/2020, on failure to do so it would then be held to be in default. The date of default thus has to be construed only as 31/03/2020 and not otherwise. The contention of the Petitioner that the default has occurred on 31/07/2019 cannot be accepted. - Tri en-us Wed, 14 Apr 2021 13:15:11 +0530 Wed, 14 Apr 2021 13:15:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=57592 Initiation of CIRP - Since it has been categorically covenanted that the payment had to be made on or before 31/03/2020, on failure to do so it would then be held to be in default. The date of default thus has to be construed only as 31/03/2020 and not otherwise. The contention of the Petitioner that the default has occurred on 31/07/2019 cannot be accepted. - Tri Highlights Insolvency and Bankruptcy Wed, 14 Apr 2021 13:15:11 +0530 https://www.taxtmi.com/highlights?id=57592