https://www.taxtmi.com/caselaws?id=300221 The Tribunal dismissed the petition under Section 9 of the IBC, 2016, as the alleged debt did not qualify as an "Operational Debt" as defined by the Code. The judgment emphasized the necessity of aligning claims with legal definitions and requirements under the insolvency framework, stressing the importance of clarity and specificity in initiating insolvency proceedings. en-us Thu, 06 Jan 2022 00:00:00 +0530 Mon, 31 Jan 2022 10:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=300221 The Tribunal dismissed the petition under Section 9 of the IBC, 2016, as the alleged debt did not qualify as an "Operational Debt" as defined by the Code. The judgment emphasized the necessity of aligning claims with legal definitions and requirements under the insolvency framework, stressing the importance of clarity and specificity in initiating insolvency proceedings. Case-Laws Insolvency and Bankruptcy Thu, 06 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=300221