https://www.taxtmi.com/caselaws?id=352872 The Tribunal dismissed the Company Petition filed by the petitioner under section 9 of the Insolvency & Bankruptcy Code, 2016 against the Corporate Person. The petitioner's claim for repayment of dues paid on behalf of the Corporate Person was rejected as it did not meet the criteria of operational debt under the Code. The Tribunal found that the debts paid to entities were not solely payable to governmental authorities and that the petitioner did not have a direct legal relationship as an operational creditor with the Corporate Person. The petition was dismissed, allowing the petitioner to pursue alternative legal options in the future. en-us Tue, 14 Nov 2017 00:00:00 +0530 Sat, 23 Dec 2017 09:06:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=352872 The Tribunal dismissed the Company Petition filed by the petitioner under section 9 of the Insolvency & Bankruptcy Code, 2016 against the Corporate Person. The petitioner's claim for repayment of dues paid on behalf of the Corporate Person was rejected as it did not meet the criteria of operational debt under the Code. The Tribunal found that the debts paid to entities were not solely payable to governmental authorities and that the petitioner did not have a direct legal relationship as an operational creditor with the Corporate Person. The petition was dismissed, allowing the petitioner to pursue alternative legal options in the future. Case-Laws Companies Law Tue, 14 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=352872