https://www.taxtmi.com/caselaws?id=415279 The Tribunal affirmed the Adjudicating Authority's order admitting Corporate Insolvency Resolution Process (CIRP) against a company due to a loan default. Despite the Appellant's claims of unauthorized borrowing, antedated loan agreement, and fraud in obtaining the loan, the Tribunal found the loan agreement, disbursement, non-repayment, legal notice, and debt acknowledgment by the company as established facts. The Tribunal upheld the initiation of CIRP, dismissing the Appeal and directing publication of the judgment. en-us Wed, 01 Dec 2021 00:00:00 +0530 Thu, 02 Dec 2021 08:51:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=415279 The Tribunal affirmed the Adjudicating Authority's order admitting Corporate Insolvency Resolution Process (CIRP) against a company due to a loan default. Despite the Appellant's claims of unauthorized borrowing, antedated loan agreement, and fraud in obtaining the loan, the Tribunal found the loan agreement, disbursement, non-repayment, legal notice, and debt acknowledgment by the company as established facts. The Tribunal upheld the initiation of CIRP, dismissing the Appeal and directing publication of the judgment. Case-Laws Insolvency and Bankruptcy Wed, 01 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=415279