https://www.taxtmi.com/caselaws?id=397439 The Tribunal upheld the National Company Law Tribunal's decision to admit the Section 9 application against the Corporate Debtor, finding no legal infirmities in the order. The Tribunal dismissed the appeal, confirming the Corporate Debtor's default on an operational debt of Rs. 61,24,637/-. The fabricated pre-existing dispute and lack of evidence for alleged payments and settlement led to the dismissal. The intervenors' plea was rejected, advising them to seek relief through the Resolution Professional or Competent Forum. The Resolution Professional was authorized to claim fees and expenses from the Corporate Insolvency Resolution Process. en-us Mon, 15 Jun 2020 00:00:00 +0530 Thu, 18 Mar 2021 11:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=397439 The Tribunal upheld the National Company Law Tribunal's decision to admit the Section 9 application against the Corporate Debtor, finding no legal infirmities in the order. The Tribunal dismissed the appeal, confirming the Corporate Debtor's default on an operational debt of Rs. 61,24,637/-. The fabricated pre-existing dispute and lack of evidence for alleged payments and settlement led to the dismissal. The intervenors' plea was rejected, advising them to seek relief through the Resolution Professional or Competent Forum. The Resolution Professional was authorized to claim fees and expenses from the Corporate Insolvency Resolution Process. Case-Laws Insolvency and Bankruptcy Mon, 15 Jun 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=397439