https://www.taxtmi.com/caselaws?id=397515 The Tribunal upheld the admission of the application under Section 9 of the Insolvency and Bankruptcy Code, 2016, for the initiation of Corporate Insolvency Resolution Process. It found that the pre-existing dispute raised by the Corporate Debtor was belated and dismissed, as the acknowledged liability exceeded the threshold for initiating the process. The Tribunal emphasized the uncontroverted acknowledgment of the debt by the Corporate Debtor, leading to the dismissal of the appeal and the continuation of the Corporate Insolvency Resolution Process. en-us Fri, 22 May 2020 00:00:00 +0530 Thu, 20 Aug 2020 14:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=397515 The Tribunal upheld the admission of the application under Section 9 of the Insolvency and Bankruptcy Code, 2016, for the initiation of Corporate Insolvency Resolution Process. It found that the pre-existing dispute raised by the Corporate Debtor was belated and dismissed, as the acknowledged liability exceeded the threshold for initiating the process. The Tribunal emphasized the uncontroverted acknowledgment of the debt by the Corporate Debtor, leading to the dismissal of the appeal and the continuation of the Corporate Insolvency Resolution Process. Case-Laws Insolvency and Bankruptcy Fri, 22 May 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=397515