https://www.taxtmi.com/caselaws?id=287558 The National Company Law Appellate Tribunal adjudicated an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, involving allegations of collusive action between an Operational Creditor and a Corporate Debtor. The Tribunal found no evidence of collusion or malicious intent in the application, emphasizing the focus on insolvency resolution or liquidation. Disputes of the Corporate Debtor were not considered determinative, and the absence of objections or pre-existing disputes before the issuance of the Demand Notice under Section 8(1) of IBC was crucial. The Tribunal emphasized timely objections and adherence to procedural requirements, dismissing the appeal without costs. en-us Fri, 06 Sep 2019 00:00:00 +0530 Sat, 18 Apr 2020 14:35:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=287558 The National Company Law Appellate Tribunal adjudicated an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, involving allegations of collusive action between an Operational Creditor and a Corporate Debtor. The Tribunal found no evidence of collusion or malicious intent in the application, emphasizing the focus on insolvency resolution or liquidation. Disputes of the Corporate Debtor were not considered determinative, and the absence of objections or pre-existing disputes before the issuance of the Demand Notice under Section 8(1) of IBC was crucial. The Tribunal emphasized timely objections and adherence to procedural requirements, dismissing the appeal without costs. Case-Laws Insolvency and Bankruptcy Fri, 06 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=287558