https://www.taxtmi.com/caselaws?id=377215 The Tribunal dismissed the petition, ruling that the non-payment of listing fees does not constitute an "operational debt" under the Insolvency and Bankruptcy Code. It concluded that the dues in question are regulatory in nature and should be recovered through SEBI's mechanisms, not through insolvency proceedings. The Tribunal directed the Operational Creditor to seek recovery through the appropriate regulatory channels, emphasizing that the NCLT is not the suitable forum for adjudicating the recovery of listing fees. en-us Mon, 11 Feb 2019 00:00:00 +0530 Tue, 26 Mar 2019 06:37:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=377215 The Tribunal dismissed the petition, ruling that the non-payment of listing fees does not constitute an "operational debt" under the Insolvency and Bankruptcy Code. It concluded that the dues in question are regulatory in nature and should be recovered through SEBI's mechanisms, not through insolvency proceedings. The Tribunal directed the Operational Creditor to seek recovery through the appropriate regulatory channels, emphasizing that the NCLT is not the suitable forum for adjudicating the recovery of listing fees. Case-Laws Insolvency and Bankruptcy Mon, 11 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=377215