https://www.taxtmi.com/caselaws?id=389681 The National Company Law Appellate Tribunal found in the case that there was a pre-existing dispute over salary between the parties, rendering the application under section 9 of the Insolvency & Bankruptcy Code not maintainable. The Tribunal set aside the impugned order, dismissed the application, and allowed the Corporate Debtor to operate independently. Actions taken based on the impugned order were declared illegal, and the Adjudicating Authority was directed to close the proceedings and determine costs to be paid by the Corporate Debtor. en-us Mon, 02 Sep 2019 00:00:00 +0530 Sat, 14 Dec 2019 13:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=389681 The National Company Law Appellate Tribunal found in the case that there was a pre-existing dispute over salary between the parties, rendering the application under section 9 of the Insolvency & Bankruptcy Code not maintainable. The Tribunal set aside the impugned order, dismissed the application, and allowed the Corporate Debtor to operate independently. Actions taken based on the impugned order were declared illegal, and the Adjudicating Authority was directed to close the proceedings and determine costs to be paid by the Corporate Debtor. Case-Laws Insolvency and Bankruptcy Mon, 02 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=389681