https://www.taxtmi.com/caselaws?id=402593 The Tribunal allowed the appeal, setting aside the rejection of the application seeking initiation of Corporate Insolvency Resolution Process against the Corporate Debtor. It emphasized that the refusal by the Corporate Debtor to accept the demand notice did not amount to non-delivery, as it indicated awareness of the notice's contents. The Tribunal directed the Adjudicating Authority to reassess the application under Section 9 of the Insolvency and Bankruptcy Code, providing the Corporate Debtor with an opportunity to settle the claim before making a decision on admission. en-us Tue, 05 Jan 2021 00:00:00 +0530 Thu, 07 Jan 2021 16:22:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=402593 The Tribunal allowed the appeal, setting aside the rejection of the application seeking initiation of Corporate Insolvency Resolution Process against the Corporate Debtor. It emphasized that the refusal by the Corporate Debtor to accept the demand notice did not amount to non-delivery, as it indicated awareness of the notice's contents. The Tribunal directed the Adjudicating Authority to reassess the application under Section 9 of the Insolvency and Bankruptcy Code, providing the Corporate Debtor with an opportunity to settle the claim before making a decision on admission. Case-Laws Insolvency and Bankruptcy Tue, 05 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=402593