https://www.taxtmi.com/caselaws?id=443251 The Tribunal dismissed the appeal challenging the Adjudicating Authority's decision to reject a Section 9 application under the Insolvency and Bankruptcy Code, 2016. The Adjudicating Authority found discrepancies in the amounts claimed and terms of agreements, concluding that the petition was not maintainable for interest recovery. Additionally, the Tribunal deemed a Settlement Agreement invalid due to being anti-dated, unstamped, and unregistered, emphasizing that claims from the agreement did not constitute operational debt under the Code. The Tribunal clarified that contractual claims should be pursued through civil proceedings, not insolvency proceedings. en-us Fri, 15 Sep 2023 00:00:00 +0530 Wed, 20 Sep 2023 12:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=443251 The Tribunal dismissed the appeal challenging the Adjudicating Authority's decision to reject a Section 9 application under the Insolvency and Bankruptcy Code, 2016. The Adjudicating Authority found discrepancies in the amounts claimed and terms of agreements, concluding that the petition was not maintainable for interest recovery. Additionally, the Tribunal deemed a Settlement Agreement invalid due to being anti-dated, unstamped, and unregistered, emphasizing that claims from the agreement did not constitute operational debt under the Code. The Tribunal clarified that contractual claims should be pursued through civil proceedings, not insolvency proceedings. Case-Laws Insolvency and Bankruptcy Fri, 15 Sep 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=443251