https://www.taxtmi.com/caselaws?id=381755 A Section 9 insolvency petition was held not maintainable where the claimant had already invoked the MSMED Act framework and elected to pursue the special statutory remedy before the Facilitation Council. The Tribunal also found that the operational debt and default were not adequately substantiated: the documents did not conclusively establish rendition of services, exact liability, or the claimed outstanding amount, and the demand notice was not issued in the prescribed manner. The petition was rejected, while the claimant was left free to pursue remedies under the MSMED Act or other available law. 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 A Section 9 insolvency petition was held not maintainable where the claimant had already invoked the MSMED Act framework and elected to pursue the special statutory remedy before the Facilitation Council. The Tribunal also found that the operational debt and default were not adequately substantiated: the documents did not conclusively establish rendition of services, exact liability, or the claimed outstanding amount, and the demand notice was not issued in the prescribed manner. The petition was rejected, while the claimant was left free to pursue remedies under the MSMED Act or other available law. Case-Laws Insolvency and Bankruptcy Mon, 08 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=381755