https://www.taxtmi.com/caselaws?id=384496 The Tribunal dismissed the appeal in a case involving an operational debt claim under Section 9 of the Insolvency and Bankruptcy Code. The dispute arose from a disagreement over the product specified in the Agreement for sales representation. The Appellant failed to establish the operational debt and default required under the IBC, as the products referenced differed and the supply order predated the Agreement. The Tribunal upheld the Adjudicating Authority's decision, emphasizing the necessity of proving operational debt and default to initiate insolvency proceedings. en-us Tue, 30 Apr 2019 00:00:00 +0530 Fri, 16 Aug 2019 07:49:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=384496 The Tribunal dismissed the appeal in a case involving an operational debt claim under Section 9 of the Insolvency and Bankruptcy Code. The dispute arose from a disagreement over the product specified in the Agreement for sales representation. The Appellant failed to establish the operational debt and default required under the IBC, as the products referenced differed and the supply order predated the Agreement. The Tribunal upheld the Adjudicating Authority's decision, emphasizing the necessity of proving operational debt and default to initiate insolvency proceedings. Case-Laws Insolvency and Bankruptcy Tue, 30 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=384496