https://www.taxtmi.com/caselaws?id=403523 The Appellate Tribunal upheld the impugned order admitting the application under Section 9 of the Insolvency and Bankruptcy Code, 2016. It ruled that serving a Demand Notice on the Director of the Corporate Debtor constituted valid service, initiating the Corporate Insolvency Resolution Process. Despite the Appellant's claim of a dispute regarding the Operational Creditor's claim, the Tribunal found insufficient evidence to support the dispute, leading to the dismissal of the Appeal. The Tribunal emphasized the importance of proper service of the Demand Notice and the need for evidence to substantiate claim disputes. en-us Fri, 29 Jan 2021 00:00:00 +0530 Mon, 01 Feb 2021 06:49:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=403523 The Appellate Tribunal upheld the impugned order admitting the application under Section 9 of the Insolvency and Bankruptcy Code, 2016. It ruled that serving a Demand Notice on the Director of the Corporate Debtor constituted valid service, initiating the Corporate Insolvency Resolution Process. Despite the Appellant's claim of a dispute regarding the Operational Creditor's claim, the Tribunal found insufficient evidence to support the dispute, leading to the dismissal of the Appeal. The Tribunal emphasized the importance of proper service of the Demand Notice and the need for evidence to substantiate claim disputes. Case-Laws Insolvency and Bankruptcy Fri, 29 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=403523