https://www.taxtmi.com/caselaws?id=282943 The Tribunal rejected the Company Petition seeking to initiate Corporate Insolvency Resolution Process (CIRP) against the respondent for outstanding dues related to Short Messaging Services (SMS) due to the absence of a formal contract and disputed nature of the outstanding amount, leading to an inability to determine debt and default conclusively. The Tribunal emphasized the lack of concrete proof and written agreement, resulting in the dismissal of the petition without costs awarded to either party. en-us Fri, 05 Oct 2018 00:00:00 +0530 Sat, 31 Aug 2019 15:00:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=282943 The Tribunal rejected the Company Petition seeking to initiate Corporate Insolvency Resolution Process (CIRP) against the respondent for outstanding dues related to Short Messaging Services (SMS) due to the absence of a formal contract and disputed nature of the outstanding amount, leading to an inability to determine debt and default conclusively. The Tribunal emphasized the lack of concrete proof and written agreement, resulting in the dismissal of the petition without costs awarded to either party. Case-Laws Insolvency and Bankruptcy Fri, 05 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=282943