https://www.taxtmi.com/caselaws?id=348099 The Tribunal rejected the application for initiating corporate insolvency resolution against the debtor due to non-compliance with statutory requirements under Sec.8 and Sec.9 of the Insolvency and Bankruptcy Code. Emphasizing the mandatory nature of complying with these sections, the judgment highlighted the necessity of issuing demand notices and submitting required documents. The rejection did not preclude the petitioner from seeking the claimed amount through alternative legal avenues, underscoring the importance of adherence to procedural prerequisites for commencing the insolvency resolution process. en-us Thu, 17 Aug 2017 00:00:00 +0530 Wed, 03 Jan 2018 12:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=348099 The Tribunal rejected the application for initiating corporate insolvency resolution against the debtor due to non-compliance with statutory requirements under Sec.8 and Sec.9 of the Insolvency and Bankruptcy Code. Emphasizing the mandatory nature of complying with these sections, the judgment highlighted the necessity of issuing demand notices and submitting required documents. The rejection did not preclude the petitioner from seeking the claimed amount through alternative legal avenues, underscoring the importance of adherence to procedural prerequisites for commencing the insolvency resolution process. Case-Laws Insolvency and Bankruptcy Thu, 17 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=348099