https://www.taxtmi.com/caselaws?id=784904 Initiation of insolvency resolution where debt is recorded in supporting documents was affirmed: documentary entries in the balance sheet, reflection of accrued interest and TDS evidence establish existence of loan and liability, thereby sustaining admission of debt and commencement of insolvency proceedings. An alleged oral agreement denying the loan was found insufficient to negate debt in light of admissions and documentary proof, so the attempt to characterize the liability as non-existent was rejected. The impugned admission to corporate insolvency resolution procedure was therefore sustained and the challenge to that commencement was dismissed. en-us Thu, 13 Nov 2025 00:00:00 +0530 Wed, 14 Jan 2026 08:56:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=784904 Initiation of insolvency resolution where debt is recorded in supporting documents was affirmed: documentary entries in the balance sheet, reflection of accrued interest and TDS evidence establish existence of loan and liability, thereby sustaining admission of debt and commencement of insolvency proceedings. An alleged oral agreement denying the loan was found insufficient to negate debt in light of admissions and documentary proof, so the attempt to characterize the liability as non-existent was rejected. The impugned admission to corporate insolvency resolution procedure was therefore sustained and the challenge to that commencement was dismissed. Case-Laws IBC Thu, 13 Nov 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=784904