https://www.taxtmi.com/highlights?id=63314 Initiation of CIRP - Financial Debt - privity of contract between Petitioner and Corporate Debtor - It is pertinent to mention that the Appellant has for the first time, in this Appeal has pleaded that the partners can bind the LLP and relies on cheque copies and the Balance Sheet reference. The onus to establish that the amount which is ‘due and payable’ falls within the ambit of the definition of ‘Financial Debt’, as defined under Section 5(8) of the Code, is on the Appellant herein. - AT en-us Sat, 07 May 2022 06:36:29 +0530 Sat, 07 May 2022 06:36:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=63314 Initiation of CIRP - Financial Debt - privity of contract between Petitioner and Corporate Debtor - It is pertinent to mention that the Appellant has for the first time, in this Appeal has pleaded that the partners can bind the LLP and relies on cheque copies and the Balance Sheet reference. The onus to establish that the amount which is ‘due and payable’ falls within the ambit of the definition of ‘Financial Debt’, as defined under Section 5(8) of the Code, is on the Appellant herein. - AT Highlights Insolvency and Bankruptcy Sat, 07 May 2022 06:36:29 +0530 https://www.taxtmi.com/highlights?id=63314