https://www.taxtmi.com/caselaws?id=441506 The Tribunal dismissed the appeal, upholding the Adjudicating Authority's decision to admit the Section 9 Application for an operational debt of Rs.1,21,73,639. Despite challenges raised by the Appellant regarding the claimed amount, interest levied, and applicability of Section 10A, the Tribunal found the Corporate Debtor's non-appearance and failure to respond to notices as sufficient grounds for dismissal. The Tribunal emphasized that the Corporate Debtor's conduct precluded them from challenging the findings, leading to the affirmation of the Adjudicating Authority's decision. en-us Tue, 08 Aug 2023 00:00:00 +0530 Thu, 10 Aug 2023 07:57:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=441506 The Tribunal dismissed the appeal, upholding the Adjudicating Authority's decision to admit the Section 9 Application for an operational debt of Rs.1,21,73,639. Despite challenges raised by the Appellant regarding the claimed amount, interest levied, and applicability of Section 10A, the Tribunal found the Corporate Debtor's non-appearance and failure to respond to notices as sufficient grounds for dismissal. The Tribunal emphasized that the Corporate Debtor's conduct precluded them from challenging the findings, leading to the affirmation of the Adjudicating Authority's decision. Case-Laws Insolvency and Bankruptcy Tue, 08 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=441506