https://www.taxtmi.com/caselaws?id=198783 The National Company Law Tribunal, Hyderabad, dismissed the petition filed by Dr. B.V.S. Lakshmi under Section 7 of the IBC, 2016, seeking the initiation of a Corporate Insolvency Resolution Process against Geometrix Laser Solutions Private Limited. The Tribunal found that the petitioner did not qualify as a financial creditor and had not come to the Tribunal with clean hands. The Tribunal concluded that the petitioner had failed to establish a prima facie case and that the alleged debt was disputed. The petition was dismissed with no order as to costs, and the petitioner was advised to pursue any other remedy available under the law. en-us Mon, 13 Mar 2017 00:00:00 +0530 Thu, 08 Feb 2018 21:19:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=198783 The National Company Law Tribunal, Hyderabad, dismissed the petition filed by Dr. B.V.S. Lakshmi under Section 7 of the IBC, 2016, seeking the initiation of a Corporate Insolvency Resolution Process against Geometrix Laser Solutions Private Limited. The Tribunal found that the petitioner did not qualify as a financial creditor and had not come to the Tribunal with clean hands. The Tribunal concluded that the petitioner had failed to establish a prima facie case and that the alleged debt was disputed. The petition was dismissed with no order as to costs, and the petitioner was advised to pursue any other remedy available under the law. Case-Laws Companies Law Mon, 13 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=198783