https://www.taxtmi.com/caselaws?id=393519 The Tribunal rejected the petition seeking initiation of Corporate Insolvency Resolution Process against the Corporate Debtor for recovery of unpaid operational debt. The petition was dismissed as the Operational Creditor failed to submit the required C-Form within the stipulated time, resulting in the VAT amount being deposited with the Government. The Tribunal advised both parties to address the matter with the Government for a potential refund, and the petition was disposed of with no costs awarded. en-us Wed, 06 Nov 2019 00:00:00 +0530 Wed, 18 Mar 2020 11:34:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=393519 The Tribunal rejected the petition seeking initiation of Corporate Insolvency Resolution Process against the Corporate Debtor for recovery of unpaid operational debt. The petition was dismissed as the Operational Creditor failed to submit the required C-Form within the stipulated time, resulting in the VAT amount being deposited with the Government. The Tribunal advised both parties to address the matter with the Government for a potential refund, and the petition was disposed of with no costs awarded. Case-Laws Insolvency and Bankruptcy Wed, 06 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=393519