https://www.taxtmi.com/highlights?id=72282 Initiation of CIRP - NCLT rejected the application u/s 7 - The Corporate Debtor had accepted before the AA that it is not in a position to repay `debt’ because of financial distress. The AA ought to have admitted the Application of the Appellant u/s 7 of the IBC, 2016 as there is no dispute about the `debt’ or liability of the Corporate Debtor - Matter restored back - AT en-us Fri, 29 Sep 2023 07:38:34 +0530 Fri, 29 Sep 2023 07:38:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=72282 Initiation of CIRP - NCLT rejected the application u/s 7 - The Corporate Debtor had accepted before the AA that it is not in a position to repay `debt’ because of financial distress. The AA ought to have admitted the Application of the Appellant u/s 7 of the IBC, 2016 as there is no dispute about the `debt’ or liability of the Corporate Debtor - Matter restored back - AT Highlights Insolvency and Bankruptcy Fri, 29 Sep 2023 07:38:34 +0530 https://www.taxtmi.com/highlights?id=72282