https://www.taxtmi.com/caselaws?id=386342 The tribunal dismissed the application filed under Section 9 of the Insolvency and Bankruptcy Code, 2016, emphasizing the importance of pursuing recovery efforts through individual creditor actions rather than triggering insolvency proceedings. The decision aimed to prevent harm to the corporate debtor's viability and highlighted the Code's focus on promoting resolution over liquidation to protect stakeholders' interests and preserve a going concern. No costs were imposed on either party. en-us Mon, 15 Jul 2019 00:00:00 +0530 Thu, 26 Sep 2019 07:43:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=386342 The tribunal dismissed the application filed under Section 9 of the Insolvency and Bankruptcy Code, 2016, emphasizing the importance of pursuing recovery efforts through individual creditor actions rather than triggering insolvency proceedings. The decision aimed to prevent harm to the corporate debtor's viability and highlighted the Code's focus on promoting resolution over liquidation to protect stakeholders' interests and preserve a going concern. No costs were imposed on either party. Case-Laws Insolvency and Bankruptcy Mon, 15 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=386342