https://www.taxtmi.com/caselaws?id=291123 The Tribunal rejected the initiation of Corporate Insolvency Resolution Process against the Corporate Debtor due to the company's name being struck off by the Registrar of Companies. The judgment clarified that the Insolvency and Bankruptcy Code cannot be used for recovery of outstanding amounts and emphasized the need for an undisputed debt for initiating CIRP. The Petitioner was advised to seek alternative remedies under different laws, and no costs were awarded in this decision. en-us Fri, 13 Dec 2019 00:00:00 +0530 Wed, 28 Oct 2020 19:21:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=291123 The Tribunal rejected the initiation of Corporate Insolvency Resolution Process against the Corporate Debtor due to the company's name being struck off by the Registrar of Companies. The judgment clarified that the Insolvency and Bankruptcy Code cannot be used for recovery of outstanding amounts and emphasized the need for an undisputed debt for initiating CIRP. The Petitioner was advised to seek alternative remedies under different laws, and no costs were awarded in this decision. Case-Laws Insolvency and Bankruptcy Fri, 13 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=291123