https://www.taxtmi.com/caselaws?id=299106 The National Company Law Tribunal, Mumbai Bench, dismissed the application under Section 9 of the Insolvency and Bankruptcy Code, 2016, for the commencement of Corporate Insolvency Resolution Process (CIRP). The Operational Creditor's claim of an operational debt of Rs. 26,21,850 was not proven, as the Tribunal found discrepancies in the evidence presented. The Debtor's contention of settling the debt in 2014 with a cheque payment supported by a receipt was considered, leading to the rejection of the application due to the lack of conclusive proof of non-payment. en-us Fri, 20 Jul 2018 00:00:00 +0530 Fri, 03 Dec 2021 18:39:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=299106 The National Company Law Tribunal, Mumbai Bench, dismissed the application under Section 9 of the Insolvency and Bankruptcy Code, 2016, for the commencement of Corporate Insolvency Resolution Process (CIRP). The Operational Creditor's claim of an operational debt of Rs. 26,21,850 was not proven, as the Tribunal found discrepancies in the evidence presented. The Debtor's contention of settling the debt in 2014 with a cheque payment supported by a receipt was considered, leading to the rejection of the application due to the lack of conclusive proof of non-payment. Case-Laws Insolvency and Bankruptcy Fri, 20 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=299106