https://www.taxtmi.com/caselaws?id=433400 The Tribunal upheld the Adjudicating Authority's decision to admit the Section 9 Application for initiating CIRP of the Corporate Debtor. It found that the Demand Notice was validly issued and served, rejecting claims of defects. Additionally, the Tribunal determined that the alleged pre-existing dispute based on an FIR was unsubstantiated, noting the Corporate Debtor's acknowledgment of the debt post-FIR filing. As a result, the appeal was dismissed, and the Operational Creditor was instructed to comply with the Adjudicating Authority's directives on expenses. en-us Fri, 27 Jan 2023 00:00:00 +0530 Mon, 30 Jan 2023 13:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=433400 The Tribunal upheld the Adjudicating Authority's decision to admit the Section 9 Application for initiating CIRP of the Corporate Debtor. It found that the Demand Notice was validly issued and served, rejecting claims of defects. Additionally, the Tribunal determined that the alleged pre-existing dispute based on an FIR was unsubstantiated, noting the Corporate Debtor's acknowledgment of the debt post-FIR filing. As a result, the appeal was dismissed, and the Operational Creditor was instructed to comply with the Adjudicating Authority's directives on expenses. Case-Laws Insolvency and Bankruptcy Fri, 27 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=433400