https://www.taxtmi.com/highlights?id=65636 Initiation of CIRP - The Adjudicating Authority has rightly come to the conclusion that Corporate Debtor raised a bonafide dispute regarding the ‘operational debt’ wherein the Appellant- Operational Creditor had assigned the debt to HSBC Bank and HSBC Bank has not instituted this proceeding under Section 9 of the IBC, therefore, taking in the above facts, the Application under section 9 is not maintainable as the reasons assigned by the Adjudicating Authority is cogent and require no interference. - AT en-us Thu, 15 Sep 2022 12:51:55 +0530 Thu, 15 Sep 2022 12:51:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=65636 Initiation of CIRP - The Adjudicating Authority has rightly come to the conclusion that Corporate Debtor raised a bonafide dispute regarding the ‘operational debt’ wherein the Appellant- Operational Creditor had assigned the debt to HSBC Bank and HSBC Bank has not instituted this proceeding under Section 9 of the IBC, therefore, taking in the above facts, the Application under section 9 is not maintainable as the reasons assigned by the Adjudicating Authority is cogent and require no interference. - AT Highlights Insolvency and Bankruptcy Thu, 15 Sep 2022 12:51:55 +0530 https://www.taxtmi.com/highlights?id=65636