https://www.taxtmi.com/highlights?id=73606 Initiation of CIRP - Insurance Company has made payment to the Operational Creditor of its claim - third party liability - Liability of Corporate debtor to discharge its debt - Section 9 Application is fully maintainable and the fact that Insurance Company has made payment to the Operational Creditor of its claim, cannot be a ground to reject Section 9 Application. The Corporate Debtor is still liable to discharge its liability of debt. - AT en-us Sat, 16 Dec 2023 15:03:46 +0530 Sat, 16 Dec 2023 15:03:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=73606 Initiation of CIRP - Insurance Company has made payment to the Operational Creditor of its claim - third party liability - Liability of Corporate debtor to discharge its debt - Section 9 Application is fully maintainable and the fact that Insurance Company has made payment to the Operational Creditor of its claim, cannot be a ground to reject Section 9 Application. The Corporate Debtor is still liable to discharge its liability of debt. - AT Highlights Insolvency and Bankruptcy Sat, 16 Dec 2023 15:03:46 +0530 https://www.taxtmi.com/highlights?id=73606