https://www.taxtmi.com/caselaws?id=402720 The Appellate Tribunal set aside the Adjudicating Authority's dismissal of an application under Section 9 of the I&B Code, affirming the validity of a demand notice issued by an Advocate on behalf of an Operational Creditor. It ruled that no Board Resolution was necessary for such authorization, emphasizing judicial consistency. The matter was remitted for further consideration, allowing the Corporate Debtor a chance to settle the claim. en-us Fri, 08 Jan 2021 00:00:00 +0530 Wed, 30 Oct 2024 14:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=402720 The Appellate Tribunal set aside the Adjudicating Authority's dismissal of an application under Section 9 of the I&B Code, affirming the validity of a demand notice issued by an Advocate on behalf of an Operational Creditor. It ruled that no Board Resolution was necessary for such authorization, emphasizing judicial consistency. The matter was remitted for further consideration, allowing the Corporate Debtor a chance to settle the claim. Case-Laws IBC Fri, 08 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=402720