https://www.taxtmi.com/caselaws?id=396287 The Tribunal upheld the Adjudicating Authority's decision to admit the Company Petition under Section 9 of the Insolvency and Bankruptcy Code, 2016. The Corporate Debtor's delayed dispute of invoices, dishonored cheques, and failure to make admitted payments to the Operational Creditor justified the initiation of insolvency proceedings. The appeal by the members of the suspended Board of Directors and shareholders of the Corporate Debtor was dismissed for lack of merit, with no costs awarded. en-us Fri, 22 May 2020 00:00:00 +0530 Mon, 29 Jun 2020 09:25:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=396287 The Tribunal upheld the Adjudicating Authority's decision to admit the Company Petition under Section 9 of the Insolvency and Bankruptcy Code, 2016. The Corporate Debtor's delayed dispute of invoices, dishonored cheques, and failure to make admitted payments to the Operational Creditor justified the initiation of insolvency proceedings. The appeal by the members of the suspended Board of Directors and shareholders of the Corporate Debtor was dismissed for lack of merit, with no costs awarded. Case-Laws Insolvency and Bankruptcy Fri, 22 May 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=396287