https://www.taxtmi.com/caselaws?id=399943 The Adjudicating Authority dismissed the application under Section 9 of the IBC due to the existence of a dispute between the Operational Creditor and the Corporate Debtor. The Operational Creditor failed to substantiate the claim with valid invoices and supporting documents, most of which were beyond the limitation period. The establishment of a seller-buyer relationship was not proven, and the proof of operational debt was lacking. The appeal was dismissed, allowing the Operational Creditor to pursue recovery through appropriate legal channels if able to establish the case. en-us Tue, 20 Oct 2020 00:00:00 +0530 Fri, 23 Oct 2020 15:14:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=399943 The Adjudicating Authority dismissed the application under Section 9 of the IBC due to the existence of a dispute between the Operational Creditor and the Corporate Debtor. The Operational Creditor failed to substantiate the claim with valid invoices and supporting documents, most of which were beyond the limitation period. The establishment of a seller-buyer relationship was not proven, and the proof of operational debt was lacking. The appeal was dismissed, allowing the Operational Creditor to pursue recovery through appropriate legal channels if able to establish the case. Case-Laws Insolvency and Bankruptcy Tue, 20 Oct 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=399943