Amount paid to corporate debtor as advance for marketing requirements cannot be considered a financial debt

Case details: Arrow Engineering Ltd. … Continue reading “Amount paid to corporate debtor as advance for marketing requirements cannot be considered a financial debt”

NCLT admits CIRP plea as operational creditor adequately proved the existence of debt and default by corporate debtor

Case details: Emgreen Impex Ltd. … Continue reading “NCLT admits CIRP plea as operational creditor adequately proved the existence of debt and default by corporate debtor”