https://www.taxtmi.com/caselaws?id=397549 The tribunal held that retention money constitutes operational debt under the Insolvency and Bankruptcy Code. It found no pre-existing dispute and ruled the application was within the limitation period. The respondent was deemed an operational creditor owed a payable debt, leading to the dismissal of the appeal and the admission of the application under Section 9 of the IBC. en-us Wed, 12 Feb 2020 00:00:00 +0530 Mon, 24 Aug 2020 10:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=397549 The tribunal held that retention money constitutes operational debt under the Insolvency and Bankruptcy Code. It found no pre-existing dispute and ruled the application was within the limitation period. The respondent was deemed an operational creditor owed a payable debt, leading to the dismissal of the appeal and the admission of the application under Section 9 of the IBC. Case-Laws Insolvency and Bankruptcy Wed, 12 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=397549