https://www.taxtmi.com/highlights?id=62407 Initiation of CIRP - Validity of order admitting the application by the NCLT - If the ‘Adjudicating Authority’ is subjectively satisfied that there was Debt due and payable in law and in fact, by the Corporate Debtor to in favour of the 1st Respondent/Bank/Financial Creditor then, in law, the ‘Adjudicating Authority’ is left with no other alternative but to admit the application under the I&B Code, 2016. - AT en-us Sat, 12 Mar 2022 11:06:22 +0530 Sat, 12 Mar 2022 11:06:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=62407 Initiation of CIRP - Validity of order admitting the application by the NCLT - If the ‘Adjudicating Authority’ is subjectively satisfied that there was Debt due and payable in law and in fact, by the Corporate Debtor to in favour of the 1st Respondent/Bank/Financial Creditor then, in law, the ‘Adjudicating Authority’ is left with no other alternative but to admit the application under the I&B Code, 2016. - AT Highlights Insolvency and Bankruptcy Sat, 12 Mar 2022 11:06:22 +0530 https://www.taxtmi.com/highlights?id=62407