https://www.taxtmi.com/caselaws?id=419376 The Tribunal affirmed the National Company Law Tribunal, Ahmedabad Bench's decision to dismiss the Application under Section 9 of the IBC. The Tribunal found that the Demand Notice and Application were not properly authorized due to lack of a valid Board Resolution. Additionally, the Appellant's failure to pursue arbitration as per the agreement's clause led to the dismissal. The existence of pre-existing disputes further supported the rejection of the Application. The Appeal was dismissed with no costs awarded, and the judgment was directed to be uploaded on the website and sent to the NCLT, Ahmedabad Bench. en-us Wed, 09 Mar 2022 00:00:00 +0530 Wed, 09 Mar 2022 15:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=419376 The Tribunal affirmed the National Company Law Tribunal, Ahmedabad Bench's decision to dismiss the Application under Section 9 of the IBC. The Tribunal found that the Demand Notice and Application were not properly authorized due to lack of a valid Board Resolution. Additionally, the Appellant's failure to pursue arbitration as per the agreement's clause led to the dismissal. The existence of pre-existing disputes further supported the rejection of the Application. The Appeal was dismissed with no costs awarded, and the judgment was directed to be uploaded on the website and sent to the NCLT, Ahmedabad Bench. Case-Laws Insolvency and Bankruptcy Wed, 09 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=419376