https://www.taxtmi.com/caselaws?id=361521 The Tribunal found that there was an existence of a dispute between the parties before the Demand Notice was issued under Section 8(1) of the Insolvency and Bankruptcy Code. As a result, the application under Section 9 was deemed not maintainable, leading to the setting aside of the impugned order. All actions taken pursuant to the order were nullified, and the Corporate Debtor was released from insolvency proceedings. The Corporate Debtor was directed to pay the Interim Resolution Professional's fees, and the appeal was allowed without costs, allowing the Corporate Debtor to resume independent operations. en-us Thu, 26 Apr 2018 00:00:00 +0530 Fri, 08 Jun 2018 08:24:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=361521 The Tribunal found that there was an existence of a dispute between the parties before the Demand Notice was issued under Section 8(1) of the Insolvency and Bankruptcy Code. As a result, the application under Section 9 was deemed not maintainable, leading to the setting aside of the impugned order. All actions taken pursuant to the order were nullified, and the Corporate Debtor was released from insolvency proceedings. The Corporate Debtor was directed to pay the Interim Resolution Professional's fees, and the appeal was allowed without costs, allowing the Corporate Debtor to resume independent operations. Case-Laws Insolvency and Bankruptcy Thu, 26 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=361521