https://www.taxtmi.com/caselaws?id=302241 The Appellate Tribunal upheld the rejection of applications under Section 9 of the Insolvency & Bankruptcy Code against two Corporate Debtors, Reliance Infrastructure Ltd. and D.A. Toll Road Pvt. Ltd. The Tribunal found discrepancies in the claims, emphasized the need for separate applications for distinct claims, and noted the lack of documented evidence of disputes. It declined to interfere with the rejection order, suggesting separate applications for distinct work orders if not barred by limitation or disputes. The Tribunal stressed the importance of clarity in claims, procedural adherence, and dispute resolution before initiating insolvency proceedings. en-us Tue, 01 Aug 2017 00:00:00 +0530 Wed, 11 May 2022 20:41:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=302241 The Appellate Tribunal upheld the rejection of applications under Section 9 of the Insolvency & Bankruptcy Code against two Corporate Debtors, Reliance Infrastructure Ltd. and D.A. Toll Road Pvt. Ltd. The Tribunal found discrepancies in the claims, emphasized the need for separate applications for distinct claims, and noted the lack of documented evidence of disputes. It declined to interfere with the rejection order, suggesting separate applications for distinct work orders if not barred by limitation or disputes. The Tribunal stressed the importance of clarity in claims, procedural adherence, and dispute resolution before initiating insolvency proceedings. Case-Laws Insolvency and Bankruptcy Tue, 01 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=302241