CIRP Initiation Upheld: Absence of Default Record from Information Utility Not a Barrier to Admission u/s 7.

CIRP Initiation Upheld: Absence of Default Record from Information Utility Not a Barrier to Admission u/s 7. https://www.taxtmi.com/highlights?id=73811 Initiation of CIRP - authentication of default - there are no substance in the submission of the Appellant that since Financial Creditor has not filed the record of default from an information utility, Section 7 deserves to be rejected - the Adjudicating Authority has correctly repelled the contention of the Appellant that in absence of a record of default recorded by information utility, the application filed u/s 7 may not be admitted. - AT en-us Thu, 28 Dec 2023 10:53:35 +0530 Thu, 28 Dec 2023 10:53:35 +0530 TaxTMI RSS Generator CIRP Initiation Upheld: Absence of Default Record from Information Utility Not a Barrier to Admission u/s 7. https://www.taxtmi.com/highlights?id=73811 Initiation of CIRP - authentication of default - there are no substance in the submission of the Appellant that since Financial Creditor has not filed the record of default from an information utility, Section 7 deserves to be rejected - the Adjudicating Authority has correctly repelled the contention of the Appellant that in absence of a record of default recorded by information utility, the application filed u/s 7 may not be admitted. - AT Highlights Insolvency and Bankruptcy Thu, 28 Dec 2023 10:53:35 +0530 https://www.taxtmi.com/highlights?id=73811