https://www.taxtmi.com/caselaws?id=301570 The Adjudicating Authority rejected the petition under Section 9 of the Insolvency and Bankruptcy Code, determining that the claim for unpaid Operational Debt did not meet the criteria outlined in the Code. The Authority found that the transactions and expenses cited by the petitioner did not constitute operational debt, as defined by the Code. The decision was made without prejudice to the merits of the case, with no costs awarded, and the petition was rejected and disposed of. en-us Mon, 15 Mar 2021 00:00:00 +0530 Sat, 09 Apr 2022 07:54:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=301570 The Adjudicating Authority rejected the petition under Section 9 of the Insolvency and Bankruptcy Code, determining that the claim for unpaid Operational Debt did not meet the criteria outlined in the Code. The Authority found that the transactions and expenses cited by the petitioner did not constitute operational debt, as defined by the Code. The decision was made without prejudice to the merits of the case, with no costs awarded, and the petition was rejected and disposed of. Case-Laws Insolvency and Bankruptcy Mon, 15 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=301570