https://www.taxtmi.com/caselaws?id=416148 The appeal was dismissed as the listing fees were deemed regulatory dues and not operational debts under the Insolvency and Bankruptcy Code. Therefore, the Appellant was unable to initiate insolvency proceedings under Section 9 of the Code for the recovery of listing fees. The Tribunal emphasized that the Code aims at insolvency resolution rather than creditor recovery, citing the legislative intent and previous judgments supporting the distinction between regulatory and statutory dues. en-us Tue, 21 Dec 2021 00:00:00 +0530 Wed, 22 Dec 2021 11:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=416148 The appeal was dismissed as the listing fees were deemed regulatory dues and not operational debts under the Insolvency and Bankruptcy Code. Therefore, the Appellant was unable to initiate insolvency proceedings under Section 9 of the Code for the recovery of listing fees. The Tribunal emphasized that the Code aims at insolvency resolution rather than creditor recovery, citing the legislative intent and previous judgments supporting the distinction between regulatory and statutory dues. Case-Laws Insolvency and Bankruptcy Tue, 21 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=416148