https://www.taxtmi.com/caselaws?id=393775 The Tribunal rejected the petition under Section 9 of the Insolvency & Bankruptcy Code, 2016, as the Operational Creditor was found to have suppressed material facts and issued a second Demand Notice with significant alterations, indicating a mala fide intent. The Tribunal held that admitting the petition would cause prejudice to the Corporate Debtor and amount to misuse of the IBC. The order emphasized that the dismissal did not prejudice the petitioner's rights in other forums. en-us Wed, 01 Jan 2020 00:00:00 +0530 Sat, 21 Mar 2020 16:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=393775 The Tribunal rejected the petition under Section 9 of the Insolvency & Bankruptcy Code, 2016, as the Operational Creditor was found to have suppressed material facts and issued a second Demand Notice with significant alterations, indicating a mala fide intent. The Tribunal held that admitting the petition would cause prejudice to the Corporate Debtor and amount to misuse of the IBC. The order emphasized that the dismissal did not prejudice the petitioner's rights in other forums. Case-Laws Insolvency and Bankruptcy Wed, 01 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=393775