https://www.taxtmi.com/caselaws?id=406657 The Tribunal dismissed the appeal as the appellant, claiming to be a shareholder of the Corporate Debtor, failed to establish locus standi under Section 61 of the IBC. The Adjudicating Authority's decision to initiate the Corporate Insolvency Resolution Process was upheld despite disputes over delays and loss between the Corporate Debtor and the Operational Creditor. The Operational Creditor's application under Section 9 of the IBC was admitted, leading to the dismissal of the appeal without costs. en-us Fri, 16 Apr 2021 00:00:00 +0530 Tue, 20 Apr 2021 12:54:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=406657 The Tribunal dismissed the appeal as the appellant, claiming to be a shareholder of the Corporate Debtor, failed to establish locus standi under Section 61 of the IBC. The Adjudicating Authority's decision to initiate the Corporate Insolvency Resolution Process was upheld despite disputes over delays and loss between the Corporate Debtor and the Operational Creditor. The Operational Creditor's application under Section 9 of the IBC was admitted, leading to the dismissal of the appeal without costs. Case-Laws Insolvency and Bankruptcy Fri, 16 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=406657