https://www.taxtmi.com/highlights?id=68204 Initiation of CIRP - NCLT dismissed the application on the ground that petitioner failed to prove the debt and the liability to pay the same by the corporate debtor - To reiterate, an Agreement has been entered into only for Season-2 and in the absence of any such Agreement for the other seasons, the Appellant/Operational Creditor has failed to discharge its burden that there was indeed an Operational Debt which was due and payable. - AT en-us Fri, 10 Feb 2023 10:16:58 +0530 Fri, 10 Feb 2023 10:16:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=68204 Initiation of CIRP - NCLT dismissed the application on the ground that petitioner failed to prove the debt and the liability to pay the same by the corporate debtor - To reiterate, an Agreement has been entered into only for Season-2 and in the absence of any such Agreement for the other seasons, the Appellant/Operational Creditor has failed to discharge its burden that there was indeed an Operational Debt which was due and payable. - AT Highlights Insolvency and Bankruptcy Fri, 10 Feb 2023 10:16:58 +0530 https://www.taxtmi.com/highlights?id=68204