https://www.taxtmi.com/caselaws?id=282718 The Tribunal dismissed the petition filed by TATA Chemicals Limited under Section 9 of the Insolvency and Bankruptcy Code, 2016 against Raj Process Equipments and Systems Private Limited. The claim for compensation and damages was found invalid as it was not adjudicated and did not constitute "Operational Debt." The Tribunal noted a clear dispute between the parties regarding the delivery delay and concluded that the petition was filed with false information and malicious intent. A cost of Rs. 10,00,000 was imposed on the Operational Creditor to be paid to the "Prime Minister National Relief Fund" within 30 days. en-us Fri, 30 Nov 2018 00:00:00 +0530 Tue, 20 Aug 2019 20:40:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=282718 The Tribunal dismissed the petition filed by TATA Chemicals Limited under Section 9 of the Insolvency and Bankruptcy Code, 2016 against Raj Process Equipments and Systems Private Limited. The claim for compensation and damages was found invalid as it was not adjudicated and did not constitute "Operational Debt." The Tribunal noted a clear dispute between the parties regarding the delivery delay and concluded that the petition was filed with false information and malicious intent. A cost of Rs. 10,00,000 was imposed on the Operational Creditor to be paid to the "Prime Minister National Relief Fund" within 30 days. Case-Laws Insolvency and Bankruptcy Fri, 30 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=282718