https://www.taxtmi.com/caselaws?id=433359 The Tribunal upheld the Adjudicating Authority's decision to admit the Section 9 Application under the Insolvency and Bankruptcy Code. It found the operational debt established based on the agreement and non-payment by the Corporate Debtor. The Tribunal dismissed the appeal, emphasizing the importance of timely participation and the objective of resolution. The Corporate Debtor's arguments regarding fair opportunity and arbitration clause invocation were rejected, affirming the legality of the Admission Order and initiating the Corporate Insolvency Resolution Process. en-us Wed, 25 Jan 2023 00:00:00 +0530 Sat, 28 Jan 2023 08:25:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=433359 The Tribunal upheld the Adjudicating Authority's decision to admit the Section 9 Application under the Insolvency and Bankruptcy Code. It found the operational debt established based on the agreement and non-payment by the Corporate Debtor. The Tribunal dismissed the appeal, emphasizing the importance of timely participation and the objective of resolution. The Corporate Debtor's arguments regarding fair opportunity and arbitration clause invocation were rejected, affirming the legality of the Admission Order and initiating the Corporate Insolvency Resolution Process. Case-Laws Insolvency and Bankruptcy Wed, 25 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=433359