https://www.taxtmi.com/caselaws?id=282747 The application to initiate the Corporate Insolvency Resolution Process against the respondent corporate debtor was dismissed by the Tribunal. The Tribunal found the application premature as the allotment had not been canceled, leading to the conclusion that the conditions for direct payment from the builder to the applicant had not been met. The Tribunal clarified that the dismissal should not prejudice the applicant's rights in any other legal proceedings. en-us Fri, 30 Nov 2018 00:00:00 +0530 Wed, 21 Aug 2019 20:14:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=282747 The application to initiate the Corporate Insolvency Resolution Process against the respondent corporate debtor was dismissed by the Tribunal. The Tribunal found the application premature as the allotment had not been canceled, leading to the conclusion that the conditions for direct payment from the builder to the applicant had not been met. The Tribunal clarified that the dismissal should not prejudice the applicant's rights in any other legal proceedings. Case-Laws Insolvency and Bankruptcy Fri, 30 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=282747