https://www.taxtmi.com/caselaws?id=399415 The Tribunal held that the applicant, Netmeds Marketplace Limited, did not qualify as an Operational Creditor under the Insolvency and Bankruptcy Code. The claimed amount of Rs. 50,19,042 was deemed not to constitute operational debt as it did not arise from services provided by the applicant. The Tribunal dismissed the application under Section 9 of the IBC, emphasizing that the applicant failed to meet the criteria for an Operational Creditor. Other disputes raised were considered irrelevant in light of this primary determination. en-us Tue, 02 Jun 2020 00:00:00 +0530 Fri, 05 Mar 2021 15:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=399415 The Tribunal held that the applicant, Netmeds Marketplace Limited, did not qualify as an Operational Creditor under the Insolvency and Bankruptcy Code. The claimed amount of Rs. 50,19,042 was deemed not to constitute operational debt as it did not arise from services provided by the applicant. The Tribunal dismissed the application under Section 9 of the IBC, emphasizing that the applicant failed to meet the criteria for an Operational Creditor. Other disputes raised were considered irrelevant in light of this primary determination. Case-Laws Insolvency and Bankruptcy Tue, 02 Jun 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=399415