https://www.taxtmi.com/caselaws?id=362146 The Tribunal found the appeal under Section 9 of the Insolvency and Bankruptcy Code against the sub-tenant not maintainable as there was no direct agreement between the Operational Creditor and the Corporate Debtor. The lease agreements indicated that the sub-tenant's payments did not establish a creditor-debtor relationship. Consequently, all related orders were set aside, releasing the Corporate Debtor from insolvency proceedings and allowing it to operate independently. The Tribunal directed the Adjudicating Authority to determine the Resolution Professional's fees to be borne by the Corporate Debtor, with no costs awarded in the appeal. en-us Mon, 21 May 2018 00:00:00 +0530 Wed, 20 Jun 2018 11:32:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=362146 The Tribunal found the appeal under Section 9 of the Insolvency and Bankruptcy Code against the sub-tenant not maintainable as there was no direct agreement between the Operational Creditor and the Corporate Debtor. The lease agreements indicated that the sub-tenant's payments did not establish a creditor-debtor relationship. Consequently, all related orders were set aside, releasing the Corporate Debtor from insolvency proceedings and allowing it to operate independently. The Tribunal directed the Adjudicating Authority to determine the Resolution Professional's fees to be borne by the Corporate Debtor, with no costs awarded in the appeal. Case-Laws Insolvency and Bankruptcy Mon, 21 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=362146