https://www.taxtmi.com/caselaws?id=418162 The Tribunal dismissed the application for initiation of Corporate Insolvency Resolution Process under section 9 of the Insolvency and Bankruptcy Code, 2016. It found the presented bill to be forged and collusive, lacking evidence of actual material supply. The Tribunal highlighted the absence of a formal agreement, genuine admission, or payment, deeming the petition as an attempt to misuse the Code. Emphasizing the prevention of such misuse, the Tribunal dismissed the petition without costs awarded, and the file was archived. en-us Tue, 25 Jan 2022 00:00:00 +0530 Wed, 09 Feb 2022 16:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=418162 The Tribunal dismissed the application for initiation of Corporate Insolvency Resolution Process under section 9 of the Insolvency and Bankruptcy Code, 2016. It found the presented bill to be forged and collusive, lacking evidence of actual material supply. The Tribunal highlighted the absence of a formal agreement, genuine admission, or payment, deeming the petition as an attempt to misuse the Code. Emphasizing the prevention of such misuse, the Tribunal dismissed the petition without costs awarded, and the file was archived. Case-Laws Insolvency and Bankruptcy Tue, 25 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=418162