https://www.taxtmi.com/highlights?id=64068 Maintainability of application - initiation of CIRP - While a written contract cannot be treated as a pre-requisite to proving the existence of financial debt, the Adjudicating Authority must be satisfied that the Corporate Debtor is not being dragged into Corporate Insolvency Resolution Process mala fide for any purpose other than the resolution of the Insolvency. In the present matter, there is no evidence to Allow or Admit present Application - Tri en-us Wed, 15 Jun 2022 11:22:39 +0530 Wed, 15 Jun 2022 11:22:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=64068 Maintainability of application - initiation of CIRP - While a written contract cannot be treated as a pre-requisite to proving the existence of financial debt, the Adjudicating Authority must be satisfied that the Corporate Debtor is not being dragged into Corporate Insolvency Resolution Process mala fide for any purpose other than the resolution of the Insolvency. In the present matter, there is no evidence to Allow or Admit present Application - Tri Highlights Insolvency and Bankruptcy Wed, 15 Jun 2022 11:22:39 +0530 https://www.taxtmi.com/highlights?id=64068