https://www.taxtmi.com/caselaws?id=309461 The Tribunal allowed the appeal against the rejection of the application u/s 9 by the Adjudicating Authority. The Tribunal found that the Adjudicating Authority erred in not considering the nature of the transaction and wrongly concluded that the application was not sustainable. It determined that the Appellant, as an Operational Creditor, was entitled to claim dues arising from a contractual agreement with the Corporate Debtor. The Tribunal directed the Adjudicating Authority to admit the application and issue consequential orders within four weeks. en-us Thu, 08 Sep 2022 00:00:00 +0530 Mon, 04 Sep 2023 21:32:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=309461 The Tribunal allowed the appeal against the rejection of the application u/s 9 by the Adjudicating Authority. The Tribunal found that the Adjudicating Authority erred in not considering the nature of the transaction and wrongly concluded that the application was not sustainable. It determined that the Appellant, as an Operational Creditor, was entitled to claim dues arising from a contractual agreement with the Corporate Debtor. The Tribunal directed the Adjudicating Authority to admit the application and issue consequential orders within four weeks. Case-Laws Insolvency and Bankruptcy Thu, 08 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=309461