https://www.taxtmi.com/caselaws?id=469835 A claim based only on cancelled cheques, without presentation for encashment or any civil, criminal, or recovery proceedings, was treated as insufficient to prove a subsisting enforceable debt in insolvency. On that footing, the claim was not provable and was rejected because section 17 confined insolvency remedies to debts provable in insolvency. The text further states that, after the admitted creditor's claim had been substantially satisfied and the cheque-based claim was rejected, no basis remained to continue the adjudication, so the insolvency adjudication was annulled under section 21(1) with consequential directions to the Official Assignee. en-us Tue, 07 Jan 2025 00:00:00 +0530 Mon, 06 Jul 2026 20:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=469835 A claim based only on cancelled cheques, without presentation for encashment or any civil, criminal, or recovery proceedings, was treated as insufficient to prove a subsisting enforceable debt in insolvency. On that footing, the claim was not provable and was rejected because section 17 confined insolvency remedies to debts provable in insolvency. The text further states that, after the admitted creditor's claim had been substantially satisfied and the cheque-based claim was rejected, no basis remained to continue the adjudication, so the insolvency adjudication was annulled under section 21(1) with consequential directions to the Official Assignee. Case-Laws IBC Tue, 07 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=469835