https://www.taxtmi.com/caselaws?id=427620 The Tribunal confirmed its jurisdiction over the respondent located in New Delhi and determined the debt as operational, not financial. The application was found within the limitation period despite the respondent's argument. The non-execution of the lease deed rendered the LOI invalid, leading to the rejection of the petition under Section 7 of the Code. The Tribunal emphasized filing under Section 9 for operational debts, guided by legal precedents. en-us Thu, 01 Sep 2022 00:00:00 +0530 Tue, 13 Sep 2022 15:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=427620 The Tribunal confirmed its jurisdiction over the respondent located in New Delhi and determined the debt as operational, not financial. The application was found within the limitation period despite the respondent's argument. The non-execution of the lease deed rendered the LOI invalid, leading to the rejection of the petition under Section 7 of the Code. The Tribunal emphasized filing under Section 9 for operational debts, guided by legal precedents. Case-Laws Insolvency and Bankruptcy Thu, 01 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=427620