https://www.taxtmi.com/caselaws?id=399611 The Tribunal rejected the application under Section 9 of the Insolvency & Bankruptcy Code, finding that a pre-existing dispute existed between the parties, rendering the application inadmissible. It was also determined that the Operational Creditor lacked the locus standi to make the claim, and the issue of authorization to initiate the Corporate Insolvency Resolution Process was resolved through subsequent ratification. As a result, the application was dismissed under Section 9(5)(ii)(d) of the Code. en-us Mon, 10 Feb 2020 00:00:00 +0530 Thu, 15 Oct 2020 13:16:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=399611 The Tribunal rejected the application under Section 9 of the Insolvency & Bankruptcy Code, finding that a pre-existing dispute existed between the parties, rendering the application inadmissible. It was also determined that the Operational Creditor lacked the locus standi to make the claim, and the issue of authorization to initiate the Corporate Insolvency Resolution Process was resolved through subsequent ratification. As a result, the application was dismissed under Section 9(5)(ii)(d) of the Code. Case-Laws Insolvency and Bankruptcy Mon, 10 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=399611