https://www.taxtmi.com/caselaws?id=399894 The Tribunal dismissed the application seeking Corporate Insolvency Resolution Process against the Respondent for non-payment of license fees, ruling that the unpaid fees did not qualify as operational debt under the Insolvency and Bankruptcy Code. The Tribunal emphasized that the fees did not fall within the defined categories of operational debt, such as goods or services, employment, or dues payable to governmental authorities. The application was dismissed without costs, with the order not prejudicing any other proceedings between the parties in other judicial forums. en-us Wed, 04 Mar 2020 00:00:00 +0530 Thu, 22 Oct 2020 10:29:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=399894 The Tribunal dismissed the application seeking Corporate Insolvency Resolution Process against the Respondent for non-payment of license fees, ruling that the unpaid fees did not qualify as operational debt under the Insolvency and Bankruptcy Code. The Tribunal emphasized that the fees did not fall within the defined categories of operational debt, such as goods or services, employment, or dues payable to governmental authorities. The application was dismissed without costs, with the order not prejudicing any other proceedings between the parties in other judicial forums. Case-Laws Insolvency and Bankruptcy Wed, 04 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=399894