https://www.taxtmi.com/caselaws?id=304226 The National Company Law Appellate Tribunal upheld the Adjudicating Authority's decision to admit an application under Section 9 of the Insolvency and Bankruptcy Code, 2016. The dispute arose from a payment of Rs.32,43,000 as an interest-free deposit towards an advance license fee, considered an operational debt due to project abandonment. Despite arguments on project status, the Tribunal found the payment qualified as an operational debt, leading to the dismissal of the appeal. en-us Fri, 22 Apr 2022 00:00:00 +0530 Tue, 13 Sep 2022 20:21:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=304226 The National Company Law Appellate Tribunal upheld the Adjudicating Authority's decision to admit an application under Section 9 of the Insolvency and Bankruptcy Code, 2016. The dispute arose from a payment of Rs.32,43,000 as an interest-free deposit towards an advance license fee, considered an operational debt due to project abandonment. Despite arguments on project status, the Tribunal found the payment qualified as an operational debt, leading to the dismissal of the appeal. Case-Laws Insolvency and Bankruptcy Fri, 22 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=304226