[8/21, 15:08] sekarreporter1: TTV Dinakaran case Court 5 for ed asg A R L sundaresan argued [8/21, 16:27] sekarreporter1: Hence non payment is an act of insolvency. [8/21, 16:27] sekarreporter1: Non payment of the sum of Rs 28 crores adjudicated as penalty under FERA by TTV Dinakaran is an Act of Insolvency and he is liable to face insolvency proceedings for the same. [8/21, 16:27] sekarreporter1: Debt due need not be in a decree of a Civil Court but can be an amount due under any law pursuant to an order passed by an authority [8/21, 16:27] sekarreporter1: The order of adjudication has become final. The order of the Adjudication Authority was confirmed by the Division Bench of the High Court and SLP was also dismissed and so the amount of 28 crores liability has become final. [8/21, 16:27] sekarreporter1: To 4.9.23 for continuation
[8/21, 15:08] sekarreporter1: TTV Dinakaran case Court 5 for ed asg A R L sundaresan argued
[8/21, 16:27] sekarreporter1: Hence non payment is an act of insolvency.
[8/21, 16:27] sekarreporter1: Non payment of the sum of Rs 28 crores adjudicated as penalty under FERA by TTV Dinakaran is an Act of Insolvency and he is liable to face insolvency proceedings for the same.
[8/21, 16:27] sekarreporter1: Debt due need not be in a decree of a Civil Court but can be an amount due under any law pursuant to an order passed by an authority
[8/21, 16:27] sekarreporter1: The order of adjudication has become final. The order of the Adjudication Authority was confirmed by the Division Bench of the High Court and SLP was also dismissed and so the amount of 28 crores liability has become final.
[8/21, 16:27] sekarreporter1: To 4.9.23 for continuation
