https://www.taxtmi.com/caselaws?id=441504 The Tribunal dismissed the appeal against the Adjudicating Authority's decision to dismiss the Section 9 application due to not meeting the enhanced threshold amount set by a Ministry of Corporate Affairs notification. The Tribunal held that the application, filed after the threshold was raised to Rs. One crore, must adhere to the new requirement, emphasizing the significance of the application date in determining the threshold for insolvency proceedings. Despite the dismissal, the Appellant was permitted to explore other legal remedies. en-us Tue, 08 Aug 2023 00:00:00 +0530 Wed, 09 Aug 2023 17:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=441504 The Tribunal dismissed the appeal against the Adjudicating Authority's decision to dismiss the Section 9 application due to not meeting the enhanced threshold amount set by a Ministry of Corporate Affairs notification. The Tribunal held that the application, filed after the threshold was raised to Rs. One crore, must adhere to the new requirement, emphasizing the significance of the application date in determining the threshold for insolvency proceedings. Despite the dismissal, the Appellant was permitted to explore other legal remedies. Case-Laws Insolvency and Bankruptcy Tue, 08 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=441504