https://www.taxtmi.com/caselaws?id=395332 The Tribunal dismissed the Company Petition seeking Corporate Insolvency Resolution Process against the Corporate Debtor for default in payment. The decision was based on the finding that the machines were not delivered to the Corporate Debtor, and communication regarding contract termination indicated no debt or default on the Corporate Debtor's part. As a result, the Tribunal ruled in favor of the Corporate Debtor, concluding that the Petitioner's claims were not substantiated by the evidence presented during the proceedings. en-us Fri, 20 Mar 2020 00:00:00 +0530 Mon, 18 May 2020 09:45:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=395332 The Tribunal dismissed the Company Petition seeking Corporate Insolvency Resolution Process against the Corporate Debtor for default in payment. The decision was based on the finding that the machines were not delivered to the Corporate Debtor, and communication regarding contract termination indicated no debt or default on the Corporate Debtor's part. As a result, the Tribunal ruled in favor of the Corporate Debtor, concluding that the Petitioner's claims were not substantiated by the evidence presented during the proceedings. Case-Laws Insolvency and Bankruptcy Fri, 20 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=395332