Operational Creditor's Fraudulent Insolvency Claim Denied; Original Default Date of March 31, 2020, Stands Despite Acknowledgment.

Operational Creditor's Fraudulent Insolvency Claim Denied; Original Default Date of March 31, 2020, Stands Despite Acknowledgment. https://www.taxtmi.com/highlights?id=66404 Fraudulent initiation of insolvency proceedings by the Operational Creditor in collusion with the Corporate Debtor - When the date of default given by Operational Creditor in Section 9 Application is 31.03.2020, the mere fact that acknowledgement has been given by Corporate Debtor on 03.06.2021 accepting the debt, shall not change the date of default - the reasons given by the Adjudicating Authority that since acknowledgement is 03.06.2021, the date of default will become 03.06.2021 is not agreed upon. - AT en-us Mon, 07 Nov 2022 09:11:24 +0530 Mon, 07 Nov 2022 09:11:24 +0530 TaxTMI RSS Generator Operational Creditor's Fraudulent Insolvency Claim Denied; Original Default Date of March 31, 2020, Stands Despite Acknowledgment. https://www.taxtmi.com/highlights?id=66404 Fraudulent initiation of insolvency proceedings by the Operational Creditor in collusion with the Corporate Debtor - When the date of default given by Operational Creditor in Section 9 Application is 31.03.2020, the mere fact that acknowledgement has been given by Corporate Debtor on 03.06.2021 accepting the debt, shall not change the date of default - the reasons given by the Adjudicating Authority that since acknowledgement is 03.06.2021, the date of default will become 03.06.2021 is not agreed upon. - AT Highlights Insolvency and Bankruptcy Mon, 07 Nov 2022 09:11:24 +0530 https://www.taxtmi.com/highlights?id=66404