https://www.taxtmi.com/caselaws?id=429078 The Company Petition (CP(IB) No. 52/9/AMR/2021) was dismissed. The Tribunal found that the Form-3 notice was validly served on the Corporate Debtor despite contentions otherwise. However, the Operational Creditor failed to sufficiently prove the debt, with discrepancies in ledger accounts and lack of admissible evidence beyond invoices leading to the application's dismissal. The argument that the debt fell below the threshold limit for IBC applicability was also considered in the decision to dismiss the petition. en-us Thu, 29 Sep 2022 00:00:00 +0530 Tue, 18 Oct 2022 08:50:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=429078 The Company Petition (CP(IB) No. 52/9/AMR/2021) was dismissed. The Tribunal found that the Form-3 notice was validly served on the Corporate Debtor despite contentions otherwise. However, the Operational Creditor failed to sufficiently prove the debt, with discrepancies in ledger accounts and lack of admissible evidence beyond invoices leading to the application's dismissal. The argument that the debt fell below the threshold limit for IBC applicability was also considered in the decision to dismiss the petition. Case-Laws Insolvency and Bankruptcy Thu, 29 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=429078