https://www.taxtmi.com/caselaws?id=287254 The Tribunal dismissed the petition for initiating Corporate Insolvency Resolution Process under section 9 of the Insolvency and Bankruptcy Code, 2016 due to the Operational Creditor's failure to properly serve the notice of demand on the Corporate Debtor as required by law. The decision underscores the importance of strict compliance with statutory provisions in initiating insolvency proceedings and emphasizes the significance of adhering to legal procedures to prevent misuse of the insolvency mechanism for recovery purposes. en-us Tue, 27 Aug 2019 00:00:00 +0530 Mon, 17 Apr 2023 17:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=287254 The Tribunal dismissed the petition for initiating Corporate Insolvency Resolution Process under section 9 of the Insolvency and Bankruptcy Code, 2016 due to the Operational Creditor's failure to properly serve the notice of demand on the Corporate Debtor as required by law. The decision underscores the importance of strict compliance with statutory provisions in initiating insolvency proceedings and emphasizes the significance of adhering to legal procedures to prevent misuse of the insolvency mechanism for recovery purposes. Case-Laws Insolvency and Bankruptcy Tue, 27 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=287254