https://www.taxtmi.com/highlights?id=58395 Initiation of CIRP - real estate project - The nature of Debt is a "Financial Debt" as defined under section 5(8) of the Code. It has also been established that there is a "Default" as defined under section 3(12) of the Code on the part of the Debtor. The two essential qualifications, i.e., existence of 'debt' and 'default', for admission of a Petition under section 7 of the I & B Code, have been met in this case - Tri en-us Thu, 17 Jun 2021 12:50:33 +0530 Thu, 17 Jun 2021 12:55:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=58395 Initiation of CIRP - real estate project - The nature of Debt is a "Financial Debt" as defined under section 5(8) of the Code. It has also been established that there is a "Default" as defined under section 3(12) of the Code on the part of the Debtor. The two essential qualifications, i.e., existence of 'debt' and 'default', for admission of a Petition under section 7 of the I & B Code, have been met in this case - Tri Highlights Insolvency and Bankruptcy Thu, 17 Jun 2021 12:50:33 +0530 https://www.taxtmi.com/highlights?id=58395