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IBC Not Intended To Be Substitute To A Recovery Forum: SC Reiterates [Read Judgment]
ashok kini
23 Oct 2018 8:08 PM IST
'Whenever there is existence of real dispute, the IBC provisions cannot be invoked.'While setting an order of National Company Law Appellate Tribunal (NCLAT), the Supreme Court has reiterated that existence of an undisputed debt is sine qua non of initiating corporate insolvency resolution process (CIRP).Equipment Conductors and Cables Limited had filed a petition under Section 9 of...
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![IBC Not Intended To Be Substitute To A Recovery Forum: SC Reiterates [Read Judgment] IBC Not Intended To Be Substitute To A Recovery Forum: SC Reiterates [Read Judgment]](https://www.livelaw.in/cms/wp-content/uploads/2018/10/AK-Sikri-Ashok-Bhushan.jpg)