https://www.taxtmi.com/caselaws?id=375486 The Tribunal found in favor of the Appellant, determining that the transaction in question qualified as an "Operational Debt" and that the Appellant met the criteria of an "Operational Creditor." Additionally, the Tribunal held that the alleged dispute raised by the Respondent did not bar the initiation of the Corporate Insolvency Resolution Process (CIRP). The Tribunal set aside the previous order, directing the Adjudicating Authority to admit the petition filed by the Appellant under Section 9 of the Insolvency and Bankruptcy Code, with limited notice to the Respondent. The appeal was allowed, with no costs imposed. en-us Fri, 21 Dec 2018 00:00:00 +0530 Wed, 20 Feb 2019 06:36:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=375486 The Tribunal found in favor of the Appellant, determining that the transaction in question qualified as an "Operational Debt" and that the Appellant met the criteria of an "Operational Creditor." Additionally, the Tribunal held that the alleged dispute raised by the Respondent did not bar the initiation of the Corporate Insolvency Resolution Process (CIRP). The Tribunal set aside the previous order, directing the Adjudicating Authority to admit the petition filed by the Appellant under Section 9 of the Insolvency and Bankruptcy Code, with limited notice to the Respondent. The appeal was allowed, with no costs imposed. Case-Laws Insolvency and Bankruptcy Fri, 21 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=375486