https://www.taxtmi.com/caselaws?id=397700 The Tribunal upheld the Adjudicating Authority's order in an appeal under Section 61 of the Insolvency and Bankruptcy Code, dismissing the appeal without costs. The Tribunal found the Operational Creditor's application to be complete and in compliance with the I&B Code, emphasizing the necessity of a reasoned judgment and noting that the issues were adequately addressed in the order. Despite the disputed principal amount and concerns raised by the Corporate Debtor, the debt was deemed to exceed the statutory threshold, constituting an admitted liability. en-us Thu, 20 Aug 2020 00:00:00 +0530 Thu, 27 Aug 2020 08:55:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=397700 The Tribunal upheld the Adjudicating Authority's order in an appeal under Section 61 of the Insolvency and Bankruptcy Code, dismissing the appeal without costs. The Tribunal found the Operational Creditor's application to be complete and in compliance with the I&B Code, emphasizing the necessity of a reasoned judgment and noting that the issues were adequately addressed in the order. Despite the disputed principal amount and concerns raised by the Corporate Debtor, the debt was deemed to exceed the statutory threshold, constituting an admitted liability. Case-Laws Insolvency and Bankruptcy Thu, 20 Aug 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=397700