https://www.taxtmi.com/caselaws?id=350607 The Appellate Tribunal allowed the appeal filed by M/s SmartCity (Kochi) Infrastructure Pvt. Ltd. against the order passed under section 9 of the Insolvency and Bankruptcy Code, 2016. The Tribunal found that the notice under section 8 was improperly issued by a Law Firm instead of the Operational Creditor, rendering the application under section 9 not maintainable. Additionally, the Tribunal recognized the existence of a dispute prior to the insolvency proceedings, leading to the impugned order being deemed illegal. The proceedings were closed, the appellant was released from legal constraints, and allowed to operate independently. en-us Thu, 12 Oct 2017 00:00:00 +0530 Wed, 03 Jan 2018 12:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=350607 The Appellate Tribunal allowed the appeal filed by M/s SmartCity (Kochi) Infrastructure Pvt. Ltd. against the order passed under section 9 of the Insolvency and Bankruptcy Code, 2016. The Tribunal found that the notice under section 8 was improperly issued by a Law Firm instead of the Operational Creditor, rendering the application under section 9 not maintainable. Additionally, the Tribunal recognized the existence of a dispute prior to the insolvency proceedings, leading to the impugned order being deemed illegal. The proceedings were closed, the appellant was released from legal constraints, and allowed to operate independently. Case-Laws Insolvency and Bankruptcy Thu, 12 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=350607