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IBC doesn’t’ envisage a pre-admission enquiry in regard to proof of default by directing a forensic audit of a/cs

June 24, 2020[2020] 117 taxmann.com 247 (NCL-AT)
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IBC: 'Insolvency and Bankruptcy Code' does not envisage a pre-admission enquiry in regard to proof of default by directing a forensic audit of accounts of financial creditor, corporate debtor or any financial institution

IBC: It is futile on part of corporate debtors to contend that applications under section 7 filed by financial creditor must pass muster of section 65 at pre-admission stage

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