https://www.taxtmi.com/caselaws?id=421331 The Tribunal dismissed the Section 9 application under the Insolvency and Bankruptcy Code due to non-compliance with the prescribed threshold amount and ambiguity in clubbing debt amounts. The Operational Creditor's petition for unpaid invoices against the Corporate Debtor, totaling Rs. 7,78,708, was rejected as it included a previous debt withdrawn from another entity and fell short of the minimum default amount specified post a certain date. The judgment emphasized timely filing and strict adherence to legal procedures, ultimately leading to the application's dismissal on March 31, 2022. en-us Thu, 31 Mar 2022 00:00:00 +0530 Fri, 22 Apr 2022 08:25:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=421331 The Tribunal dismissed the Section 9 application under the Insolvency and Bankruptcy Code due to non-compliance with the prescribed threshold amount and ambiguity in clubbing debt amounts. The Operational Creditor's petition for unpaid invoices against the Corporate Debtor, totaling Rs. 7,78,708, was rejected as it included a previous debt withdrawn from another entity and fell short of the minimum default amount specified post a certain date. The judgment emphasized timely filing and strict adherence to legal procedures, ultimately leading to the application's dismissal on March 31, 2022. Case-Laws Insolvency and Bankruptcy Thu, 31 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=421331