https://www.taxtmi.com/caselaws?id=342925 The Tribunal dismissed the application for Corporate Insolvency Resolution, ruling that the petitioner did not qualify as an 'Operational Creditor' under the Insolvency and Bankruptcy Code 2016. The petitioner's claim did not align with the definition of 'Operational Debt' as outlined in the Code, as it pertained to delayed possession of immovable property rather than goods, services, employment, or statutory dues. The dismissal was made without costs, allowing the petitioner to pursue the matter elsewhere. en-us Mon, 20 Feb 2017 00:00:00 +0530 Wed, 03 Jan 2018 12:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=342925 The Tribunal dismissed the application for Corporate Insolvency Resolution, ruling that the petitioner did not qualify as an 'Operational Creditor' under the Insolvency and Bankruptcy Code 2016. The petitioner's claim did not align with the definition of 'Operational Debt' as outlined in the Code, as it pertained to delayed possession of immovable property rather than goods, services, employment, or statutory dues. The dismissal was made without costs, allowing the petitioner to pursue the matter elsewhere. Case-Laws Insolvency and Bankruptcy Mon, 20 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=342925