https://www.taxtmi.com/caselaws?id=413287 The Tribunal denied the stay application in insolvency proceedings under the Insolvency and Bankruptcy Code, 2016, ruling that no prima facie case existed for the Corporate Debtor. Emphasizing regular payments made and the timing of the dispute raised, the Tribunal found the Appellant's claims lacked merit. Citing the Supreme Court precedent, the Tribunal scheduled a final hearing for November 9, 2021, declining to grant a stay as no irreparable harm was evident. The decision on the stay application was deemed separate from the final appeal outcome, which would be determined after a hearing on merits. en-us Tue, 28 Sep 2021 00:00:00 +0530 Fri, 08 Oct 2021 08:20:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=413287 The Tribunal denied the stay application in insolvency proceedings under the Insolvency and Bankruptcy Code, 2016, ruling that no prima facie case existed for the Corporate Debtor. Emphasizing regular payments made and the timing of the dispute raised, the Tribunal found the Appellant's claims lacked merit. Citing the Supreme Court precedent, the Tribunal scheduled a final hearing for November 9, 2021, declining to grant a stay as no irreparable harm was evident. The decision on the stay application was deemed separate from the final appeal outcome, which would be determined after a hearing on merits. Case-Laws Insolvency and Bankruptcy Tue, 28 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=413287