https://www.taxtmi.com/caselaws?id=394605 The Tribunal dismissed the application filed under section 9 of The Insolvency and Bankruptcy Code, 2016 by the operational creditor, a foreign diamond company, against the corporate debtor. The application was challenged on grounds of maintainability due to the applicant not being registered as a foreign company as required by the Companies Act. The dispute over the debt, validity of the demand notice, unique business relationship, and definitions of "operational creditor" and "operational debt" were considered. The Tribunal ruled the application as not maintainable, allowing the petitioner to pursue other legal avenues for its claim against the respondent. en-us Mon, 10 Feb 2020 00:00:00 +0530 Sat, 18 Apr 2020 14:27:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=394605 The Tribunal dismissed the application filed under section 9 of The Insolvency and Bankruptcy Code, 2016 by the operational creditor, a foreign diamond company, against the corporate debtor. The application was challenged on grounds of maintainability due to the applicant not being registered as a foreign company as required by the Companies Act. The dispute over the debt, validity of the demand notice, unique business relationship, and definitions of "operational creditor" and "operational debt" were considered. The Tribunal ruled the application as not maintainable, allowing the petitioner to pursue other legal avenues for its claim against the respondent. Case-Laws Insolvency and Bankruptcy Mon, 10 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=394605