IBC: Where corporate debtors issued cheques on several occasions but requested not to present same and ultimately cheques were dishonoured, there being default amounting to lacs of rupees, application to initiate CIRP was to be admitted

IBC: Where corporate debtors issued cheques on several occasions but requested not to present same and ultimately cheques were dishonoured, there being default amounting to lacs of rupees, application to initiate CIRP

was to be admitted

[2018] 99 taxmann.com 67 (NCLT - New Delhi)

NATIONAL COMPANY LAW TRIBUNAL, NEW DELHI BENCH

Arete Services (P.) Ltd.

v.

Soma Network Engineering (P.) Ltd.