https://www.taxtmi.com/caselaws?id=426873 The National Company Law Appellate Tribunal set aside the Adjudicating Authority's dismissal of the insolvency petition under the Insolvency and Bankruptcy Code, 2016. The Appellant, a former CFO turned Whole Time Director, established entitlement to remuneration for services rendered as a WTD through documented evidence. The Tribunal emphasized the necessity of a genuine dispute for insolvency dismissal and directed admission of the section 9 application for operational debt, remanding the case for further proceedings without awarding costs. en-us Thu, 25 Aug 2022 00:00:00 +0530 Sat, 27 Aug 2022 08:16:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=426873 The National Company Law Appellate Tribunal set aside the Adjudicating Authority's dismissal of the insolvency petition under the Insolvency and Bankruptcy Code, 2016. The Appellant, a former CFO turned Whole Time Director, established entitlement to remuneration for services rendered as a WTD through documented evidence. The Tribunal emphasized the necessity of a genuine dispute for insolvency dismissal and directed admission of the section 9 application for operational debt, remanding the case for further proceedings without awarding costs. Case-Laws Insolvency and Bankruptcy Thu, 25 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=426873