https://www.taxtmi.com/caselaws?id=425692 The Tribunal rejected the application under Section 9 of the Insolvency and Bankruptcy Code to initiate insolvency proceedings against the Corporate Debtor. The decision was based on insufficient and disputed evidence regarding the services provided, lack of proof of delivery of the demand notice under Section 8 of the IBC, and concerns over the legal standing of the Operational Creditor as a Proprietary Firm. The case was disposed of without costs, and the Tribunal directed the Registry to communicate the order to both parties involved. en-us Wed, 20 Jul 2022 00:00:00 +0530 Fri, 29 Jul 2022 09:15:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=425692 The Tribunal rejected the application under Section 9 of the Insolvency and Bankruptcy Code to initiate insolvency proceedings against the Corporate Debtor. The decision was based on insufficient and disputed evidence regarding the services provided, lack of proof of delivery of the demand notice under Section 8 of the IBC, and concerns over the legal standing of the Operational Creditor as a Proprietary Firm. The case was disposed of without costs, and the Tribunal directed the Registry to communicate the order to both parties involved. Case-Laws Insolvency and Bankruptcy Wed, 20 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=425692