TaxTMI 
TaxTMI 
2019 (11) TMI 1410
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....si Lal Bhat] Member (Judicial) And [Justice Venugopal M.] Member (Judicial) For Appellant: Ms. Shreya Jain and Ms. Alexandra Celestine, Advocates For Respondent: Mr. Nikhil Kohli and Ms. Gunjan Tejwani, Advocates ORDER Learned counsel for the Appellant submits that the certified copy of the impugned order dated 20th September, 2019 was received on 3rd October, 2019 and the appeal was prefer....
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....he Appellant has failed to show the default of any 'financial debt' and that the Adjudicating Authority cannot go into the aspect of fraud which is within the purview of the Criminal Courts. Learned counsel appearing on behalf of the Appellant submits that the amount of Rs. 3,45,00,000/- remains as the balance amount as on 14th March, 2016 apart from the interest amount. It is submitte....
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....ndum of understanding' (MoU). No reply was received from the applicant in respect of the equity investment nor it has consented to the applicant for receiving the encashment of the cheques which were provided along with 'memorandum of understanding'. The 'Corporate Debtor' requested the Appellant to provide written consent for encashment within a period of 15 days but the appellant ins....
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....C disbursed an amount of Rs. 3,45,00,000/- along with the interest amounting to Rs. 1,65,41,072/- as on December 25, 2018 and in relation to this loan, CD had paid interest and deposited the tax deducted at source in favour of the FC. * The CD as an afterthought, in order to take a false alibi so as to create a frivolous defence to the CIRP, sent a notice dated January 18, 2019 to the FC for ref....