https://www.taxtmi.com/caselaws?id=300476 The Tribunal dismissed the petition for initiation of Corporate Insolvency Resolution Process under Section 9 of the Insolvency and Bankruptcy Code, 2016 due to the Applicant's failure to properly deliver the demand notice to the Corporate Debtor as required by Rule 5 of the Insolvency & Bankruptcy (Application to Adjudicating Authority) Rules, 2016. The Applicant did not fulfill the delivery requirements under Rule 5(2)(a) and Rule 5(2)(b), leading to the petition being deemed incomplete and not maintainable. The Tribunal granted the Applicant the liberty to file a fresh case after ensuring proper delivery of the demand notice in accordance with the rules. en-us Thu, 12 Mar 2020 00:00:00 +0530 Fri, 04 Feb 2022 20:37:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=300476 The Tribunal dismissed the petition for initiation of Corporate Insolvency Resolution Process under Section 9 of the Insolvency and Bankruptcy Code, 2016 due to the Applicant's failure to properly deliver the demand notice to the Corporate Debtor as required by Rule 5 of the Insolvency & Bankruptcy (Application to Adjudicating Authority) Rules, 2016. The Applicant did not fulfill the delivery requirements under Rule 5(2)(a) and Rule 5(2)(b), leading to the petition being deemed incomplete and not maintainable. The Tribunal granted the Applicant the liberty to file a fresh case after ensuring proper delivery of the demand notice in accordance with the rules. Case-Laws Insolvency and Bankruptcy Thu, 12 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=300476