https://www.taxtmi.com/caselaws?id=381755 The tribunal dismissed the petition seeking initiation of Corporate Insolvency Resolution Process under Section 9 of the IBC, 2016 due to insufficient evidence provided by the Petitioner. Despite being registered under the MSMED Act and issuing a legal notice invoking its provisions, the Petitioner failed to comply with the demand notice requirements of the IBC. The tribunal advised pursuing remedies under the MSMED Act and emphasized the importance of adhering to specific legal procedures and requirements under different statutes for effective resolution of non-payment issues. en-us Mon, 08 Apr 2019 00:00:00 +0530 Wed, 19 Jun 2019 06:47:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=381755 The tribunal dismissed the petition seeking initiation of Corporate Insolvency Resolution Process under Section 9 of the IBC, 2016 due to insufficient evidence provided by the Petitioner. Despite being registered under the MSMED Act and issuing a legal notice invoking its provisions, the Petitioner failed to comply with the demand notice requirements of the IBC. The tribunal advised pursuing remedies under the MSMED Act and emphasized the importance of adhering to specific legal procedures and requirements under different statutes for effective resolution of non-payment issues. Case-Laws Insolvency and Bankruptcy Mon, 08 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=381755