https://www.taxtmi.com/caselaws?id=397635 The Appellate Tribunal dismissed the appeal in a case involving an application for Corporate Insolvency Resolution Process under Section 9 of the Insolvency and Bankruptcy Code 2016. The rejection was based on the nature of the claim, specifically the dispute over interest amount and delayed payments, with the Tribunal emphasizing the requirement for a valid operational debt claim beyond mere interest on loans. The decision upheld the Adjudicating Authority's ruling due to the pre-existing dispute and lack of concrete evidence supporting the interest claim as part of operational debt. en-us Tue, 11 Feb 2020 00:00:00 +0530 Mon, 24 Aug 2020 16:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=397635 The Appellate Tribunal dismissed the appeal in a case involving an application for Corporate Insolvency Resolution Process under Section 9 of the Insolvency and Bankruptcy Code 2016. The rejection was based on the nature of the claim, specifically the dispute over interest amount and delayed payments, with the Tribunal emphasizing the requirement for a valid operational debt claim beyond mere interest on loans. The decision upheld the Adjudicating Authority's ruling due to the pre-existing dispute and lack of concrete evidence supporting the interest claim as part of operational debt. Case-Laws Insolvency and Bankruptcy Tue, 11 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=397635