https://www.taxtmi.com/caselaws?id=293783 The Tribunal dismissed the company petition seeking to initiate corporate insolvency resolution against the corporate debtor for defaulting on payment. It found the amount claimed was inaccurate as the debtor had partially paid. The delay in arranging funds was considered a deficiency falling under section 5(6)(b) of the Insolvency and Bankruptcy Code, leading to the petition's dismissal. en-us Fri, 03 Jan 2020 00:00:00 +0530 Wed, 03 Mar 2021 10:38:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=293783 The Tribunal dismissed the company petition seeking to initiate corporate insolvency resolution against the corporate debtor for defaulting on payment. It found the amount claimed was inaccurate as the debtor had partially paid. The delay in arranging funds was considered a deficiency falling under section 5(6)(b) of the Insolvency and Bankruptcy Code, leading to the petition's dismissal. Case-Laws Insolvency and Bankruptcy Fri, 03 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=293783