https://www.taxtmi.com/caselaws?id=291664 The Tribunal dismissed the petition under Section 9 of IBC, 2016 by an Operational Creditor against a Corporate Debtor for default in services provided. The dismissal was due to the Petitioner accepting partial payment during the proceedings and still proceeding with the petition, contrary to established principles that creditors should not initiate IBC proceedings solely for recovery. The Tribunal ruled against the Petitioner, emphasizing their acceptance of payment and continuation of the petition despite the partial payment made by the Corporate Debtor. en-us Thu, 05 Sep 2019 00:00:00 +0530 Fri, 20 Nov 2020 19:21:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=291664 The Tribunal dismissed the petition under Section 9 of IBC, 2016 by an Operational Creditor against a Corporate Debtor for default in services provided. The dismissal was due to the Petitioner accepting partial payment during the proceedings and still proceeding with the petition, contrary to established principles that creditors should not initiate IBC proceedings solely for recovery. The Tribunal ruled against the Petitioner, emphasizing their acceptance of payment and continuation of the petition despite the partial payment made by the Corporate Debtor. Case-Laws Insolvency and Bankruptcy Thu, 05 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=291664