https://www.taxtmi.com/caselaws?id=423262 The application under Section 9 of the Insolvency and Bankruptcy Code, 2016 was dismissed as not maintainable by the Tribunal. The dismissal was based on the application exceeding the threshold limit set by the MCA notification dated 24.03.2020, despite arguments from the operational creditor regarding the default date and demand notice timeline. The Tribunal emphasized the importance of the filing date in determining application validity, with the retrospective nature of the notification impacting applications against corporate debtors. en-us Mon, 23 May 2022 00:00:00 +0530 Fri, 03 Jun 2022 08:26:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=423262 The application under Section 9 of the Insolvency and Bankruptcy Code, 2016 was dismissed as not maintainable by the Tribunal. The dismissal was based on the application exceeding the threshold limit set by the MCA notification dated 24.03.2020, despite arguments from the operational creditor regarding the default date and demand notice timeline. The Tribunal emphasized the importance of the filing date in determining application validity, with the retrospective nature of the notification impacting applications against corporate debtors. Case-Laws Insolvency and Bankruptcy Mon, 23 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=423262