https://www.taxtmi.com/caselaws?id=402852 The Tribunal dismissed the petition for the initiation of Corporate Insolvency Resolution Process (CIRP) under Section 9 of the IBC, 2016, as the Petitioner failed to establish the insolvency of the Corporate Debtor despite admitting the debt. The Petitioner was directed to serve notice properly, and the Respondent was given two months to settle the outstanding dues. Failure to settle within the specified period would allow the Petitioner to file a fresh case. en-us Wed, 09 Sep 2020 00:00:00 +0530 Thu, 14 Jan 2021 11:30:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=402852 The Tribunal dismissed the petition for the initiation of Corporate Insolvency Resolution Process (CIRP) under Section 9 of the IBC, 2016, as the Petitioner failed to establish the insolvency of the Corporate Debtor despite admitting the debt. The Petitioner was directed to serve notice properly, and the Respondent was given two months to settle the outstanding dues. Failure to settle within the specified period would allow the Petitioner to file a fresh case. Case-Laws Insolvency and Bankruptcy Wed, 09 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=402852