https://www.taxtmi.com/caselaws?id=438496 Admission of the section 9 insolvency petition was upheld because debt and default were found to be established, while the corporate debtor failed to produce documentary support for any genuine pre-existing dispute. The Appellate Tribunal accepted the Adjudicating Authority's finding that the consultancy agreement was not shown to be void ab initio and that the alleged criminal and civil proceedings did not substantiate the dispute. Later settlement and withdrawal steps did not dislodge the original admission order on the record before the Tribunal, so the challenge to commencement of CIRP failed. en-us Thu, 01 Jun 2023 00:00:00 +0530 Thu, 01 Jun 2023 21:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=438496 Admission of the section 9 insolvency petition was upheld because debt and default were found to be established, while the corporate debtor failed to produce documentary support for any genuine pre-existing dispute. The Appellate Tribunal accepted the Adjudicating Authority's finding that the consultancy agreement was not shown to be void ab initio and that the alleged criminal and civil proceedings did not substantiate the dispute. Later settlement and withdrawal steps did not dislodge the original admission order on the record before the Tribunal, so the challenge to commencement of CIRP failed. Case-Laws Insolvency and Bankruptcy Thu, 01 Jun 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=438496