https://www.taxtmi.com/caselaws?id=406029 The Tribunal dismissed the petitioners' application to initiate CIRP against the corporate debtor, determining they did not qualify as financial creditors under the IBC. The Tribunal found the agreements unenforceable and ruled that the dispute should be resolved through arbitration or civil court proceedings. The petitioners were allowed to pursue civil and criminal proceedings in jurisdictional courts, with no costs awarded. en-us Fri, 12 Mar 2021 00:00:00 +0530 Mon, 28 Oct 2024 16:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=406029 The Tribunal dismissed the petitioners' application to initiate CIRP against the corporate debtor, determining they did not qualify as financial creditors under the IBC. The Tribunal found the agreements unenforceable and ruled that the dispute should be resolved through arbitration or civil court proceedings. The petitioners were allowed to pursue civil and criminal proceedings in jurisdictional courts, with no costs awarded. Case-Laws IBC Fri, 12 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=406029