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SC upholds NCLATs order rejecting petition for initiating CIRP for failing to furnish certificate u/s 9(3)(c)

December 26, 2019[2019] 112 313 (SC)

IBC : Where appellant-operational creditor failed to furnish copy of certificate from financial institution maintaining accounts of appellant confirming that there was no payment of unpaid operational debt by corporate debtor, NCLAT was justified in upholding order of NCLT dismissing petition filed by appellant for initiation of CIRP on failure to annex copy of certificate as required under section 9(3)(c)

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