https://www.taxtmi.com/caselaws?id=296826 The Tribunal denied the application for initiation of Corporate Insolvency Resolution Process (CIRP) by the Central Bank of India against M/s. KSM Spinning Mills Ltd. The respondent's objections regarding the completeness of the application and the ongoing OTS process, claiming no default existed, were considered. Despite requests for additional opportunities to present arguments effectively, the Tribunal dismissed the plea, upheld the denial, and rejected CA No. 1169/2019. en-us Tue, 17 Dec 2019 00:00:00 +0530 Mon, 09 Aug 2021 08:52:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=296826 The Tribunal denied the application for initiation of Corporate Insolvency Resolution Process (CIRP) by the Central Bank of India against M/s. KSM Spinning Mills Ltd. The respondent's objections regarding the completeness of the application and the ongoing OTS process, claiming no default existed, were considered. Despite requests for additional opportunities to present arguments effectively, the Tribunal dismissed the plea, upheld the denial, and rejected CA No. 1169/2019. Case-Laws Insolvency and Bankruptcy Tue, 17 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=296826