https://www.taxtmi.com/caselaws?id=398821 The Tribunal dismissed the Company Petition, ruling that the non-payment of lease rent does not constitute an 'Operational Debt' under the Insolvency and Bankruptcy Code, 2016. Consequently, the Petitioner does not qualify as an 'Operational Creditor'. Additionally, a pre-existing dispute over the debt existed, leading to the dismissal of the Petition. The Tribunal advised the Petitioner to seek recovery through alternative legal avenues. No costs were awarded. en-us Fri, 31 Jan 2020 00:00:00 +0530 Fri, 25 Sep 2020 09:51:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=398821 The Tribunal dismissed the Company Petition, ruling that the non-payment of lease rent does not constitute an 'Operational Debt' under the Insolvency and Bankruptcy Code, 2016. Consequently, the Petitioner does not qualify as an 'Operational Creditor'. Additionally, a pre-existing dispute over the debt existed, leading to the dismissal of the Petition. The Tribunal advised the Petitioner to seek recovery through alternative legal avenues. No costs were awarded. Case-Laws Insolvency and Bankruptcy Fri, 31 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=398821