https://www.taxtmi.com/highlights?id=57700 Initiation of CIRP - While initiating CIRP, one of the criteria is solvency of CD apart from debt and default in question. It is settled position of law that the provisions of the Code cannot be invoked for recovery of outstanding amount, and it cannot be misused to drop curtain on healthy organisation. - Tri en-us Fri, 23 Apr 2021 21:17:41 +0530 Fri, 23 Apr 2021 21:17:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=57700 Initiation of CIRP - While initiating CIRP, one of the criteria is solvency of CD apart from debt and default in question. It is settled position of law that the provisions of the Code cannot be invoked for recovery of outstanding amount, and it cannot be misused to drop curtain on healthy organisation. - Tri Highlights Insolvency and Bankruptcy Fri, 23 Apr 2021 21:17:41 +0530 https://www.taxtmi.com/highlights?id=57700