https://www.taxtmi.com/caselaws?id=398681 The Appellate Tribunal set aside the order admitting the application under Section 9 of the IBC, releasing the Corporate Debtor from the CIRP. The Tribunal found a pre-existing dispute between the parties based on emails exchanged before the Demand Notice. The matter was remitted to the Adjudicating Authority for determining fees and costs payable to the Interim Resolution Professional, to be borne by the Operational Creditor. The appeal was allowed with specific directions and observations, with no costs imposed on either party. en-us Thu, 03 Sep 2020 00:00:00 +0530 Sat, 18 Sep 2021 09:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=398681 The Appellate Tribunal set aside the order admitting the application under Section 9 of the IBC, releasing the Corporate Debtor from the CIRP. The Tribunal found a pre-existing dispute between the parties based on emails exchanged before the Demand Notice. The matter was remitted to the Adjudicating Authority for determining fees and costs payable to the Interim Resolution Professional, to be borne by the Operational Creditor. The appeal was allowed with specific directions and observations, with no costs imposed on either party. Case-Laws Insolvency and Bankruptcy Thu, 03 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=398681