https://www.taxtmi.com/caselaws?id=301494 The Tribunal upheld the maintainability of the Section 7 application filed by UCO Bank against the Corporate Debtor under the Insolvency and Bankruptcy Code. Despite disputes over the default date and debt amount, the Tribunal found the application valid as there was a debt exceeding the threshold and failure to pay by the Corporate Debtor. The appeal challenging the application's validity was dismissed for lack of merit, with the Tribunal emphasizing compliance with Section 7 requirements and considering the facts of the case. en-us Wed, 15 May 2019 00:00:00 +0530 Wed, 06 Apr 2022 22:01:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=301494 The Tribunal upheld the maintainability of the Section 7 application filed by UCO Bank against the Corporate Debtor under the Insolvency and Bankruptcy Code. Despite disputes over the default date and debt amount, the Tribunal found the application valid as there was a debt exceeding the threshold and failure to pay by the Corporate Debtor. The appeal challenging the application's validity was dismissed for lack of merit, with the Tribunal emphasizing compliance with Section 7 requirements and considering the facts of the case. Case-Laws Insolvency and Bankruptcy Wed, 15 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=301494