https://www.taxtmi.com/caselaws?id=416141 Section 9 insolvency relief was found unavailable because the application was beyond limitation on the pleaded facts, and the attempt to characterise the default as continuing was rejected. Annual listing fees were also treated as regulatory dues, not operational debt, so they could not support insolvency proceedings under the Code. The Tribunal therefore held that such dues, if recoverable at all, must be pursued through the regulatory framework rather than as an operational debt. The prior decision relied on by the appellant was found inapplicable on the facts, and the order refusing admission of insolvency was sustained. en-us Fri, 17 Dec 2021 00:00:00 +0530 Wed, 22 Dec 2021 11:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=416141 Section 9 insolvency relief was found unavailable because the application was beyond limitation on the pleaded facts, and the attempt to characterise the default as continuing was rejected. Annual listing fees were also treated as regulatory dues, not operational debt, so they could not support insolvency proceedings under the Code. The Tribunal therefore held that such dues, if recoverable at all, must be pursued through the regulatory framework rather than as an operational debt. The prior decision relied on by the appellant was found inapplicable on the facts, and the order refusing admission of insolvency was sustained. Case-Laws Insolvency and Bankruptcy Fri, 17 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=416141