https://www.taxtmi.com/highlights?id=65482 Initiation of CIRP - NCLT admitted the application - pre-existence of debt and dispute or not - There was clear contract between ‘CD’ and ‘OC’ as well as ‘CD’ and ‘Akshaya’ and it is squarely responsibility of CD towards its obligation to OC. Correspondence between ‘CD’ and ‘OC’ as produced by both ‘CD’ and ‘OC’ do not establish any pre-existing dispute. Hence, AA rightly taken decision in this regard and there are no error in the ‘impugned order’ for this issue. - AT en-us Tue, 06 Sep 2022 07:44:33 +0530 Tue, 06 Sep 2022 07:44:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=65482 Initiation of CIRP - NCLT admitted the application - pre-existence of debt and dispute or not - There was clear contract between ‘CD’ and ‘OC’ as well as ‘CD’ and ‘Akshaya’ and it is squarely responsibility of CD towards its obligation to OC. Correspondence between ‘CD’ and ‘OC’ as produced by both ‘CD’ and ‘OC’ do not establish any pre-existing dispute. Hence, AA rightly taken decision in this regard and there are no error in the ‘impugned order’ for this issue. - AT Highlights Insolvency and Bankruptcy Tue, 06 Sep 2022 07:44:33 +0530 https://www.taxtmi.com/highlights?id=65482