https://www.taxtmi.com/highlights?id=77076 Admission of Section 7 application - Assignment Agreement - Proper stamping of the agreement - Existence of Debt and Default - Corporate Guarantee - The Appellate Tribunal (NCLAT) dismissed the challenges against the validity of the debt assignment and confirmed the procedural correctness of the creditor's actions under the insolvency code. The repeated failures of the corporate debtor to fulfill settlement promises reinforced the decision to proceed with CIRP, highlighting the debtor's inability to manage its financial obligations effectively. en-us Fri, 03 May 2024 07:52:58 +0530 Fri, 03 May 2024 07:52:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=77076 Admission of Section 7 application - Assignment Agreement - Proper stamping of the agreement - Existence of Debt and Default - Corporate Guarantee - The Appellate Tribunal (NCLAT) dismissed the challenges against the validity of the debt assignment and confirmed the procedural correctness of the creditor's actions under the insolvency code. The repeated failures of the corporate debtor to fulfill settlement promises reinforced the decision to proceed with CIRP, highlighting the debtor's inability to manage its financial obligations effectively. Highlights Insolvency and Bankruptcy Fri, 03 May 2024 07:52:58 +0530 https://www.taxtmi.com/highlights?id=77076