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Tag Archive for "non-payment-of-funds" -

CentrikBlogsnon payment of funds

Tag: non payment of funds

Implications of cheque bounce under Insolvency Laws (IBC)

Posted by Adv. Asmita Chaudhary NagpalPosted on July 29, 2020July 29, 20200 CommentsCategories All About GST, All For Startup, Business Advisory, Cross Border Advisory, Debt Recovery Management, Insolvency & Bankruptcy Code 2016, Legal Outsourcing, Project Funding, Registration And Compliance, Tax Advisory, Tender ServicingTags Cheque Bounce under Insolvency Laws, cheque bouncing, CIRP against the corporate debtor, CIRP under IBC, corporate insolvency procedures, Financial Creditor filed a case under Section 7 of IBC, IBC Laws for Cheque Bounce, Insolvency and Bankruptcy Code, insolvency proceedings, insolvency proceedings against the corporate debtor, non payment of funds, Petition for initiation of CIRP under IBC, petition under IBC

Cheque bouncing is also the default in making payment of debt, and petition under IBC laws may be admitted

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