https://www.taxtmi.com/caselaws?id=429313 The Tribunal dismissed the application for the initiation of Corporate Insolvency Resolution Process under Section 9 of the Insolvency and Bankruptcy Code, 2016, due to the Applicant's failure to establish the quantum of the unpaid operational debt above the minimum threshold of Rs. 1 crore conclusively. Further investigation and clarification regarding the adjustment of payments and invoices were deemed necessary for an accurate determination of the outstanding dues. en-us Mon, 17 Oct 2022 00:00:00 +0530 Sat, 22 Oct 2022 10:02:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=429313 The Tribunal dismissed the application for the initiation of Corporate Insolvency Resolution Process under Section 9 of the Insolvency and Bankruptcy Code, 2016, due to the Applicant's failure to establish the quantum of the unpaid operational debt above the minimum threshold of Rs. 1 crore conclusively. Further investigation and clarification regarding the adjustment of payments and invoices were deemed necessary for an accurate determination of the outstanding dues. Case-Laws Insolvency and Bankruptcy Mon, 17 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=429313