Stamping of Invoices Does Not Imply Acceptance of Debt: NCLAT [Read Order]

It was decided that the respondent had recorded the existence of a disagreement in accordance with Section 8(2)(a) of the IBC
NCLAT ruling - invoice stamping - debt acceptance - taxscan

The National Company Law Appellate Tribunal (NCLAT) New Delhi bench has held that mere stamping of tax/proforma invoices at the site office by lower functionaries of the corporate debtor only indicates receipt and does not imply acceptance by the corporate debtor. Uttarakhand HC Criticizes GST Dept. for Arbitrary Action Against Businesses Prior to Issuance of…

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