https://www.taxtmi.com/caselaws?id=397447 The Appellate Tribunal set aside the Adjudicating Authority's decision to dismiss the application under Section 9 of the Insolvency and Bankruptcy Code. The Tribunal found that the operational debt exceeded Rs. 1 lakh, and there was no pre-existing dispute regarding the claimed amount. Citing relevant case law, the Tribunal concluded that the Respondent defaulted on payments and directed the case to be remitted to the Adjudicating Authority for admission under Section 9 of the IBC. The appeal was allowed with no costs, and the parties were instructed to appear before the Authority for further proceedings. en-us Mon, 10 Aug 2020 00:00:00 +0530 Tue, 18 Aug 2020 16:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=397447 The Appellate Tribunal set aside the Adjudicating Authority's decision to dismiss the application under Section 9 of the Insolvency and Bankruptcy Code. The Tribunal found that the operational debt exceeded Rs. 1 lakh, and there was no pre-existing dispute regarding the claimed amount. Citing relevant case law, the Tribunal concluded that the Respondent defaulted on payments and directed the case to be remitted to the Adjudicating Authority for admission under Section 9 of the IBC. The appeal was allowed with no costs, and the parties were instructed to appear before the Authority for further proceedings. Case-Laws Insolvency and Bankruptcy Mon, 10 Aug 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=397447