https://www.taxtmi.com/caselaws?id=403344 The Tribunal dismissed the petition filed under section 7 of the Insolvency and Bankruptcy Code, 2016, for failing to meet the threshold requirements for admission. It emphasized that the Code is not a substitute for a recovery forum and should not be used for forum shopping. The dismissal allows petitioners to pursue other legal remedies, with no costs awarded. en-us Mon, 04 Jan 2021 00:00:00 +0530 Wed, 30 Oct 2024 14:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=403344 The Tribunal dismissed the petition filed under section 7 of the Insolvency and Bankruptcy Code, 2016, for failing to meet the threshold requirements for admission. It emphasized that the Code is not a substitute for a recovery forum and should not be used for forum shopping. The dismissal allows petitioners to pursue other legal remedies, with no costs awarded. Case-Laws IBC Mon, 04 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=403344