https://www.taxtmi.com/caselaws?id=384593 The Tribunal rejected the petition under Section 9 of the IBC against the Corporate Debtor, a Financial Service Provider registered under SEBI. The rejection was based on the Corporate Debtor's exclusion from the definition of Corporate Person under the IBC, the presence of a pre-existing dispute regarding GST registration, and the Corporate Debtor's demonstrated willingness to settle the claim before petition admission. The Tribunal deemed the petition unsustainable, emphasizing the Corporate Debtor's status and the genuine efforts towards resolution prior to legal action. en-us Mon, 10 Dec 2018 00:00:00 +0530 Mon, 19 Aug 2019 07:16:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=384593 The Tribunal rejected the petition under Section 9 of the IBC against the Corporate Debtor, a Financial Service Provider registered under SEBI. The rejection was based on the Corporate Debtor's exclusion from the definition of Corporate Person under the IBC, the presence of a pre-existing dispute regarding GST registration, and the Corporate Debtor's demonstrated willingness to settle the claim before petition admission. The Tribunal deemed the petition unsustainable, emphasizing the Corporate Debtor's status and the genuine efforts towards resolution prior to legal action. Case-Laws Insolvency and Bankruptcy Mon, 10 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=384593