https://www.taxtmi.com/caselaws?id=416196 The application to initiate Corporate Insolvency Resolution Process (CIRP) for an outstanding Success Fee amount was dismissed under Section 9 of the IBC, 2016. The court found that there was a lack of privity between the parties, emphasizing the absence of the Operational Creditor's involvement in the acquisition process of Miles by the Corporate Debtor. The judgment focused on the disputed payment claims and the interpretation of the Agreement terms, ultimately leading to the rejection of the insolvency resolution application. en-us Thu, 16 Dec 2021 00:00:00 +0530 Thu, 23 Dec 2021 12:08:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=416196 The application to initiate Corporate Insolvency Resolution Process (CIRP) for an outstanding Success Fee amount was dismissed under Section 9 of the IBC, 2016. The court found that there was a lack of privity between the parties, emphasizing the absence of the Operational Creditor's involvement in the acquisition process of Miles by the Corporate Debtor. The judgment focused on the disputed payment claims and the interpretation of the Agreement terms, ultimately leading to the rejection of the insolvency resolution application. Case-Laws Insolvency and Bankruptcy Thu, 16 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=416196