https://www.taxtmi.com/caselaws?id=382586 The appeal filed by the shareholder of a Corporate Debtor against the admission of an application under Section 9 of the Insolvency and Bankruptcy Code was dismissed. The Court found discrepancies between the evidence presented by the parties, with the Operational Creditor's efforts to reconcile the debt and the Corporate Debtor's acknowledgment of the outstanding amount prevailing. The judgment highlights the significance of supporting claims with concrete evidence and upholding insolvency proceedings' principles. en-us Wed, 09 Jan 2019 00:00:00 +0530 Fri, 05 Jul 2019 18:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=382586 The appeal filed by the shareholder of a Corporate Debtor against the admission of an application under Section 9 of the Insolvency and Bankruptcy Code was dismissed. The Court found discrepancies between the evidence presented by the parties, with the Operational Creditor's efforts to reconcile the debt and the Corporate Debtor's acknowledgment of the outstanding amount prevailing. The judgment highlights the significance of supporting claims with concrete evidence and upholding insolvency proceedings' principles. Case-Laws Insolvency and Bankruptcy Wed, 09 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=382586