https://www.taxtmi.com/caselaws?id=403063 The Tribunal rejected the petition for Corporate Insolvency Resolution Process under section 9 of the Insolvency and Bankruptcy Code, 2016. The Operational Creditor failed to provide sufficient evidence of debt acknowledgment, payment, and proper authorization for filing the petition. The lack of documentary proof of services provided, debt acknowledgment, and absence of required affidavit under the Code led to the conclusion that the petition lacked merit. Consequently, the petition was dismissed due to the Operational Creditor's failure to establish the due and payable nature of the debt. en-us Wed, 06 Jan 2021 00:00:00 +0530 Mon, 15 Nov 2021 12:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=403063 The Tribunal rejected the petition for Corporate Insolvency Resolution Process under section 9 of the Insolvency and Bankruptcy Code, 2016. The Operational Creditor failed to provide sufficient evidence of debt acknowledgment, payment, and proper authorization for filing the petition. The lack of documentary proof of services provided, debt acknowledgment, and absence of required affidavit under the Code led to the conclusion that the petition lacked merit. Consequently, the petition was dismissed due to the Operational Creditor's failure to establish the due and payable nature of the debt. Case-Laws Insolvency and Bankruptcy Wed, 06 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=403063