https://www.taxtmi.com/caselaws?id=423650 The Tribunal dismissed the petition filed by M/s. SFO Technologies Private Limited against M/s. Vanu India Private Limited under section 9 of the Insolvency and Bankruptcy Code. The Tribunal found that the Petitioner failed to prove the debt and default by the Corporate Debtor. It was noted that the claim regarding the advance payment for material procurement lacked documentary evidence, and a pre-existing dispute existed between the parties. The Tribunal clarified that the dismissal did not prevent the Petitioner from seeking other legal remedies for its grievances. en-us Wed, 25 May 2022 00:00:00 +0530 Fri, 10 Jun 2022 18:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=423650 The Tribunal dismissed the petition filed by M/s. SFO Technologies Private Limited against M/s. Vanu India Private Limited under section 9 of the Insolvency and Bankruptcy Code. The Tribunal found that the Petitioner failed to prove the debt and default by the Corporate Debtor. It was noted that the claim regarding the advance payment for material procurement lacked documentary evidence, and a pre-existing dispute existed between the parties. The Tribunal clarified that the dismissal did not prevent the Petitioner from seeking other legal remedies for its grievances. Case-Laws Insolvency and Bankruptcy Wed, 25 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=423650