https://www.taxtmi.com/caselaws?id=366788 The Tribunal dismissed the petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, ruling it premature as the conditions of the purchase order were not met. The operational creditor can approach the forum if payment is not made within 90 days of BSNL's acceptance. No costs were awarded, emphasizing the need to fulfill contractual obligations and adhere to payment terms before initiating insolvency proceedings. en-us Mon, 28 May 2018 00:00:00 +0530 Tue, 11 Sep 2018 08:11:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=366788 The Tribunal dismissed the petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, ruling it premature as the conditions of the purchase order were not met. The operational creditor can approach the forum if payment is not made within 90 days of BSNL's acceptance. No costs were awarded, emphasizing the need to fulfill contractual obligations and adhere to payment terms before initiating insolvency proceedings. Case-Laws Insolvency and Bankruptcy Mon, 28 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=366788