https://www.taxtmi.com/caselaws?id=415245 The Tribunal dismissed the appeal challenging the lack of privity of contract between the Appellant and the Corporate Debtor under Section 9 of the Insolvency and Bankruptcy Code. It emphasized the importance of establishing a prima facie debt payable to trigger the Corporate Insolvency Resolution Process, highlighting the necessity of a direct engagement and meeting operational debt criteria for initiating the CIRP. The appeal was dismissed, upholding the Impugned Order due to the Appellant's failure to establish a direct relationship with the Corporate Debtor. en-us Tue, 30 Nov 2021 00:00:00 +0530 Wed, 01 Dec 2021 08:49:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=415245 The Tribunal dismissed the appeal challenging the lack of privity of contract between the Appellant and the Corporate Debtor under Section 9 of the Insolvency and Bankruptcy Code. It emphasized the importance of establishing a prima facie debt payable to trigger the Corporate Insolvency Resolution Process, highlighting the necessity of a direct engagement and meeting operational debt criteria for initiating the CIRP. The appeal was dismissed, upholding the Impugned Order due to the Appellant's failure to establish a direct relationship with the Corporate Debtor. Case-Laws Insolvency and Bankruptcy Tue, 30 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=415245