https://www.taxtmi.com/caselaws?id=426087 The Appellate Tribunal allowed the appeal, overturning the Adjudicating Authority's decision to reject the application under Section 9 of the Insolvency and Bankruptcy Code, 2016. The Tribunal found that the demand notice was properly served and that evidence of receipt of money was provided. It emphasized that a Banker's Certificate is not mandatory for initiating the Corporate Insolvency Resolution Process under Section 9. The matter was remanded for further consideration, focusing on the proper service of the demand notice and the clarification on the Banker's Certificate requirement. en-us Fri, 05 Aug 2022 00:00:00 +0530 Mon, 08 Aug 2022 09:09:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=426087 The Appellate Tribunal allowed the appeal, overturning the Adjudicating Authority's decision to reject the application under Section 9 of the Insolvency and Bankruptcy Code, 2016. The Tribunal found that the demand notice was properly served and that evidence of receipt of money was provided. It emphasized that a Banker's Certificate is not mandatory for initiating the Corporate Insolvency Resolution Process under Section 9. The matter was remanded for further consideration, focusing on the proper service of the demand notice and the clarification on the Banker's Certificate requirement. Case-Laws Insolvency and Bankruptcy Fri, 05 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=426087