https://www.taxtmi.com/caselaws?id=393018 The Tribunal dismissed the Company Petition seeking initiation of Corporate Insolvency Resolution Process against the Corporate Debtor for defaulting on payment, as no debt was found due from the Corporate Debtor to the Petitioner financial advisory firm. The engagement agreement specified fees for services provided, but the Tribunal noted a mismatch in identifying the debtor, ruling that the Corporate Debtor was not directly liable for payments to another entity. The petition was dismissed due to the lack of established debt against the Corporate Debtor under the Insolvency & Bankruptcy Code. en-us Tue, 03 Dec 2019 00:00:00 +0530 Wed, 04 Mar 2020 12:37:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=393018 The Tribunal dismissed the Company Petition seeking initiation of Corporate Insolvency Resolution Process against the Corporate Debtor for defaulting on payment, as no debt was found due from the Corporate Debtor to the Petitioner financial advisory firm. The engagement agreement specified fees for services provided, but the Tribunal noted a mismatch in identifying the debtor, ruling that the Corporate Debtor was not directly liable for payments to another entity. The petition was dismissed due to the lack of established debt against the Corporate Debtor under the Insolvency & Bankruptcy Code. Case-Laws Insolvency and Bankruptcy Tue, 03 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=393018