https://www.taxtmi.com/caselaws?id=304170 The Appellate Tribunal upheld the Adjudicating Authority's decision in a Corporate Insolvency Resolution Process case, ordering the debtor to pay the outstanding amount of Rs. 10,36,91,319 to the Corporate Debtor. Despite the debtor's claims of sub-standard goods and payment disputes, the Tribunal found the debtor had accepted and sold the goods, rejecting their arguments. The debtor's non-compliance with an interim order to deposit the disputed amount in an Escrow Account led to the dismissal of their appeal, with no costs imposed, due to their failure to return the goods and lack of merit in their arguments. en-us Fri, 06 Sep 2019 00:00:00 +0530 Mon, 12 Sep 2022 08:15:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=304170 The Appellate Tribunal upheld the Adjudicating Authority's decision in a Corporate Insolvency Resolution Process case, ordering the debtor to pay the outstanding amount of Rs. 10,36,91,319 to the Corporate Debtor. Despite the debtor's claims of sub-standard goods and payment disputes, the Tribunal found the debtor had accepted and sold the goods, rejecting their arguments. The debtor's non-compliance with an interim order to deposit the disputed amount in an Escrow Account led to the dismissal of their appeal, with no costs imposed, due to their failure to return the goods and lack of merit in their arguments. Case-Laws Insolvency and Bankruptcy Fri, 06 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=304170