https://www.taxtmi.com/highlights?id=73760 Initiation of CIRP - Since Adjudicating Authority has not relied upon the “confirmation and undertaking” and has come to a conclusion that there is a debt and default and demand notice, which is not disputed and accordingly concluded that sufficient reasons exists for CIRP proceedings under Section 7 of IBC, 2016 - non-stamping of document does not render the corporate insolvency resolution process (CIRP) application filed to be non-maintainable when there exists other material on record to prove existence of default in the payment of debt. - AT en-us Mon, 25 Dec 2023 13:34:58 +0530 Mon, 25 Dec 2023 13:34:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=73760 Initiation of CIRP - Since Adjudicating Authority has not relied upon the “confirmation and undertaking” and has come to a conclusion that there is a debt and default and demand notice, which is not disputed and accordingly concluded that sufficient reasons exists for CIRP proceedings under Section 7 of IBC, 2016 - non-stamping of document does not render the corporate insolvency resolution process (CIRP) application filed to be non-maintainable when there exists other material on record to prove existence of default in the payment of debt. - AT Highlights Insolvency and Bankruptcy Mon, 25 Dec 2023 13:34:58 +0530 https://www.taxtmi.com/highlights?id=73760