https://www.taxtmi.com/caselaws?id=195215 The Tribunal declined to initiate the Corporate Insolvency Resolution Process due to disputed default amount and the solvent status of the Corporate Debtor. The order emphasized that the decision should not influence other forums and granted the petitioner the freedom to pursue alternative legal avenues. The Tribunal allowed interest at 15% as compensation for delayed payments, based on the implied compensation principle rather than a direct entitlement under the Code. en-us Tue, 27 Jun 2017 00:00:00 +0530 Wed, 03 Jan 2018 12:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=195215 The Tribunal declined to initiate the Corporate Insolvency Resolution Process due to disputed default amount and the solvent status of the Corporate Debtor. The order emphasized that the decision should not influence other forums and granted the petitioner the freedom to pursue alternative legal avenues. The Tribunal allowed interest at 15% as compensation for delayed payments, based on the implied compensation principle rather than a direct entitlement under the Code. Case-Laws Insolvency and Bankruptcy Tue, 27 Jun 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=195215