Provision of Sec 7(5)(b) of IBC, for notifying the FC before rejection of a claim would be attracted
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![Provision of Sec 7(5)(b) of IBC, for notifying the FC before rejection of a claim would be attracted](https://static.wixstatic.com/media/d515a3_4eaeeae93ab64b5ba201e3cc7b4a02e0~mv2.jpg/v1/fill/w_209,h_209,fp_0.50_0.50,q_90,enc_auto/d515a3_4eaeeae93ab64b5ba201e3cc7b4a02e0~mv2.webp)
![](https://static.wixstatic.com/media/d515a3_63b77778a10e48b1ae6c01dcf466a4d9~mv2.jpg/v1/fill/w_250,h_250,fp_0.50_0.50,q_30,blur_30,enc_auto/d515a3_63b77778a10e48b1ae6c01dcf466a4d9~mv2.webp)
![To prove the existence of an operational debt, the OC has to file its claim along with the invoices](https://static.wixstatic.com/media/d515a3_63b77778a10e48b1ae6c01dcf466a4d9~mv2.jpg/v1/fill/w_209,h_209,fp_0.50_0.50,q_90,enc_auto/d515a3_63b77778a10e48b1ae6c01dcf466a4d9~mv2.webp)
- Aug 15, 2022
- 10 min
To prove the existence of an operational debt, the OC has to file its claim along with the invoices
![](https://static.wixstatic.com/media/d515a3_cb1ce2dbbcee494a9bcb5c3bb1542b9c~mv2.jpg/v1/fill/w_250,h_250,fp_0.50_0.50,q_30,blur_30,enc_auto/d515a3_cb1ce2dbbcee494a9bcb5c3bb1542b9c~mv2.webp)
![IBBI is organising 17th Advanced Workshop on Case Study of Resolution of JEKPL & Monnet Ispat (MIEL)](https://static.wixstatic.com/media/d515a3_cb1ce2dbbcee494a9bcb5c3bb1542b9c~mv2.jpg/v1/fill/w_209,h_209,fp_0.50_0.50,q_90,enc_auto/d515a3_cb1ce2dbbcee494a9bcb5c3bb1542b9c~mv2.webp)
- Aug 12, 2022
- 1 min
IBBI is organising 17th Advanced Workshop on Case Study of Resolution of JEKPL & Monnet Ispat (MIEL)
![](https://static.wixstatic.com/media/d515a3_63b77778a10e48b1ae6c01dcf466a4d9~mv2.jpg/v1/fill/w_250,h_250,fp_0.50_0.50,q_30,blur_30,enc_auto/d515a3_63b77778a10e48b1ae6c01dcf466a4d9~mv2.webp)
![An intention to initiate CIRP for ‘Recovery’ of their dues is not the ultimate purpose of the Code](https://static.wixstatic.com/media/d515a3_63b77778a10e48b1ae6c01dcf466a4d9~mv2.jpg/v1/fill/w_209,h_209,fp_0.50_0.50,q_90,enc_auto/d515a3_63b77778a10e48b1ae6c01dcf466a4d9~mv2.webp)
- Aug 11, 2022
- 4 min
An intention to initiate CIRP for ‘Recovery’ of their dues is not the ultimate purpose of the Code
![](https://static.wixstatic.com/media/d515a3_fdf0a8f13fbe496fb9364a8cb5b61ef4~mv2.jpg/v1/fill/w_250,h_250,fp_0.50_0.50,q_30,blur_30,enc_auto/d515a3_fdf0a8f13fbe496fb9364a8cb5b61ef4~mv2.webp)
![IBBI with IIM Bangalore organises 2nd International Research Conference on Insolvency and Bankruptcy](https://static.wixstatic.com/media/d515a3_fdf0a8f13fbe496fb9364a8cb5b61ef4~mv2.jpg/v1/fill/w_209,h_209,fp_0.50_0.50,q_90,enc_auto/d515a3_fdf0a8f13fbe496fb9364a8cb5b61ef4~mv2.webp)
- Aug 10, 2022
- 10 min
IBBI with IIM Bangalore organises 2nd International Research Conference on Insolvency and Bankruptcy
![](https://static.wixstatic.com/media/d515a3_4eaeeae93ab64b5ba201e3cc7b4a02e0~mv2.jpg/v1/fill/w_250,h_250,fp_0.50_0.50,q_30,blur_30,enc_auto/d515a3_4eaeeae93ab64b5ba201e3cc7b4a02e0~mv2.webp)
![SC: The documents can be filed at any time until the application for CIRP is finally dismissed](https://static.wixstatic.com/media/d515a3_4eaeeae93ab64b5ba201e3cc7b4a02e0~mv2.jpg/v1/fill/w_209,h_209,fp_0.50_0.50,q_90,enc_auto/d515a3_4eaeeae93ab64b5ba201e3cc7b4a02e0~mv2.webp)
- Aug 9, 2022
- 9 min
SC: The documents can be filed at any time until the application for CIRP is finally dismissed
![](https://static.wixstatic.com/media/d515a3_cb1ce2dbbcee494a9bcb5c3bb1542b9c~mv2.jpg/v1/fill/w_250,h_250,fp_0.50_0.50,q_30,blur_30,enc_auto/d515a3_cb1ce2dbbcee494a9bcb5c3bb1542b9c~mv2.webp)
![The Insolvency & Bankruptcy Board invites applications for the post of Whole Time Member in the IBBI](https://static.wixstatic.com/media/d515a3_cb1ce2dbbcee494a9bcb5c3bb1542b9c~mv2.jpg/v1/fill/w_209,h_209,fp_0.50_0.50,q_90,enc_auto/d515a3_cb1ce2dbbcee494a9bcb5c3bb1542b9c~mv2.webp)
- Aug 6, 2022
- 2 min
The Insolvency & Bankruptcy Board invites applications for the post of Whole Time Member in the IBBI
![](https://static.wixstatic.com/media/d515a3_63b77778a10e48b1ae6c01dcf466a4d9~mv2.jpg/v1/fill/w_250,h_250,fp_0.50_0.50,q_30,blur_30,enc_auto/d515a3_63b77778a10e48b1ae6c01dcf466a4d9~mv2.webp)
![A duly audited Balance Sheet will act as an acknowledgement of debt](https://static.wixstatic.com/media/d515a3_63b77778a10e48b1ae6c01dcf466a4d9~mv2.jpg/v1/fill/w_209,h_209,fp_0.50_0.50,q_90,enc_auto/d515a3_63b77778a10e48b1ae6c01dcf466a4d9~mv2.webp)
- Aug 6, 2022
- 1 min
A duly audited Balance Sheet will act as an acknowledgement of debt
![The right to cross-examine the respondent-complainant cannot be denied to the appellant under NI Act](https://static.wixstatic.com/media/d515a3_f4ac4d7b133149e9b7279d836b198a5b~mv2.png/v1/fill/w_209,h_209,fp_0.50_0.50,q_95,enc_auto/d515a3_f4ac4d7b133149e9b7279d836b198a5b~mv2.webp)
- Aug 5, 2022
- 2 min
The right to cross-examine the respondent-complainant cannot be denied to the appellant under NI Act
![Application u/s 7 IBC would not be barred if there is a valid acknowledgement of the debt by the CD](https://static.wixstatic.com/media/d515a3_d65ef1b3aec24aa38d40dde4c67c4403~mv2.png/v1/fill/w_209,h_209,fp_0.50_0.50,q_95,enc_auto/d515a3_d65ef1b3aec24aa38d40dde4c67c4403~mv2.webp)
- Aug 4, 2022
- 4 min
Application u/s 7 IBC would not be barred if there is a valid acknowledgement of the debt by the CD