Appeal dismissed for not meeting criteria of Operational Creditor under Insolvency and Bankruptcy Code, 2016. The appeal was dismissed by the Appellate Tribunal as the Appellant did not meet the criteria of an Operational Creditor under the Insolvency and ...
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Appeal dismissed for not meeting criteria of Operational Creditor under Insolvency and Bankruptcy Code, 2016.
The appeal was dismissed by the Appellate Tribunal as the Appellant did not meet the criteria of an Operational Creditor under the Insolvency and Bankruptcy Code, 2016. The Appellant had not provided goods or services, nor was an employee of the Corporate Debtor or a Government Authority. Despite a 14-day delay in filing the appeal, it was condoned.
The Appellate Tribunal dismissed the appeal as the Appellant did not qualify as an Operational Creditor under the Insolvency and Bankruptcy Code, 2016. The appeal was not maintainable as the Appellant had not supplied goods or services, nor was an employee of the Corporate Debtor or a Government Authority. The delay of 14 days in filing the appeal was condoned.
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