https://www.taxtmi.com/highlights?id=57882 Initiation of CIRP - Suffice to say that the Corporate Debtor admitted that in-spite of receipt of demand notice from the Operational Creditor it could not make payment of operational debt, due and payable due to his weak financial condition. - The fact proved on record is that the Corporate Debtor is an insolvent and its insolvency has to be resolved by the process of law - Tri en-us Sat, 08 May 2021 10:52:40 +0530 Sat, 08 May 2021 10:52:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=57882 Initiation of CIRP - Suffice to say that the Corporate Debtor admitted that in-spite of receipt of demand notice from the Operational Creditor it could not make payment of operational debt, due and payable due to his weak financial condition. - The fact proved on record is that the Corporate Debtor is an insolvent and its insolvency has to be resolved by the process of law - Tri Highlights Insolvency and Bankruptcy Sat, 08 May 2021 10:52:40 +0530 https://www.taxtmi.com/highlights?id=57882