https://www.taxtmi.com/caselaws?id=284374 The Tribunal dismissed the Company Petition under section 9 of the Insolvency & Bankruptcy Code as not maintainable. The claimed outstanding rent and license fees did not qualify as operational debt, leading to the petition's rejection. The Tribunal also considered the existence of a valid dispute between the parties and the invocation of an arbitration clause, emphasizing the importance of honoring arbitration agreements. The absence of contemporaneous demand or invoice for the claimed amount was noted, impacting the Tribunal's jurisdiction. en-us Mon, 11 Mar 2019 00:00:00 +0530 Thu, 14 Nov 2019 10:34:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=284374 The Tribunal dismissed the Company Petition under section 9 of the Insolvency & Bankruptcy Code as not maintainable. The claimed outstanding rent and license fees did not qualify as operational debt, leading to the petition's rejection. The Tribunal also considered the existence of a valid dispute between the parties and the invocation of an arbitration clause, emphasizing the importance of honoring arbitration agreements. The absence of contemporaneous demand or invoice for the claimed amount was noted, impacting the Tribunal's jurisdiction. Case-Laws Insolvency and Bankruptcy Mon, 11 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=284374