https://www.taxtmi.com/caselaws?id=291966 The Tribunal rejected the petition filed under Section 9 of the Insolvency and Bankruptcy Code, 2016 against the Corporate Debtor due to the failure in the service of the notice of demand. The petition was dismissed on grounds of maintainability as the notice of demand was sent by a different entity, rendering it unsustainable under the Code. Despite the rejection, the operational creditor was permitted to seek other avenues for their claim, with the Registry directed to inform them promptly to explore alternative forums if desired. en-us Mon, 02 Sep 2019 00:00:00 +0530 Wed, 02 Dec 2020 18:33:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=291966 The Tribunal rejected the petition filed under Section 9 of the Insolvency and Bankruptcy Code, 2016 against the Corporate Debtor due to the failure in the service of the notice of demand. The petition was dismissed on grounds of maintainability as the notice of demand was sent by a different entity, rendering it unsustainable under the Code. Despite the rejection, the operational creditor was permitted to seek other avenues for their claim, with the Registry directed to inform them promptly to explore alternative forums if desired. Case-Laws Insolvency and Bankruptcy Mon, 02 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=291966