https://www.taxtmi.com/caselaws?id=386195 The Tribunal rejected and dismissed the Operational Creditor's application under Section 9 of the Insolvency and Bankruptcy Code, 2016. The claims did not qualify as "Operational Debt" as per Section 5(21) of the Code, and a pre-existing dispute existed between the parties before the demand notice was issued. Therefore, the application was deemed not maintainable, with the Tribunal emphasizing that its decision should not prejudice the applicant's rights in pursuing the matter through other forums. en-us Wed, 08 May 2019 00:00:00 +0530 Tue, 24 Sep 2019 07:16:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=386195 The Tribunal rejected and dismissed the Operational Creditor's application under Section 9 of the Insolvency and Bankruptcy Code, 2016. The claims did not qualify as "Operational Debt" as per Section 5(21) of the Code, and a pre-existing dispute existed between the parties before the demand notice was issued. Therefore, the application was deemed not maintainable, with the Tribunal emphasizing that its decision should not prejudice the applicant's rights in pursuing the matter through other forums. Case-Laws Insolvency and Bankruptcy Wed, 08 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=386195