https://www.taxtmi.com/caselaws?id=383281 The Tribunal dismissed the Company Petition for the initiation of Corporate Insolvency Resolution Process under Section 9 of the Insolvency & Bankruptcy Code, 2016. The Petitioner's claim for increased power supply beyond the original agreement was not substantiated, as there was no mutual consent or agreement from the Debtor. The Tribunal emphasized that unilateral communication cannot create obligations, especially after the contract term had expired. The absence of concrete agreement or indication of consent led to the dismissal of the petition due to the lack of a substantiated debt claim. en-us Thu, 14 Mar 2019 00:00:00 +0530 Sat, 20 Jul 2019 09:20:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=383281 The Tribunal dismissed the Company Petition for the initiation of Corporate Insolvency Resolution Process under Section 9 of the Insolvency & Bankruptcy Code, 2016. The Petitioner's claim for increased power supply beyond the original agreement was not substantiated, as there was no mutual consent or agreement from the Debtor. The Tribunal emphasized that unilateral communication cannot create obligations, especially after the contract term had expired. The absence of concrete agreement or indication of consent led to the dismissal of the petition due to the lack of a substantiated debt claim. Case-Laws Insolvency and Bankruptcy Thu, 14 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=383281