https://www.taxtmi.com/caselaws?id=311600 The Appellate Tribunal dismissed the appeal filed by the Operational Creditor, upholding the Adjudicating Authority's order under Section 9 of the IBC. The Tribunal found that the Appellant failed to establish the existence of an operational debt due to inadequate documentation and evidence, such as invoices or bills, to demonstrate the provision of services or goods. The Tribunal concurred that the Appellant did not meet the statutory requirements to be classified as an operational creditor, leading to the dismissal of the application. The Appellant was advised to pursue alternative legal remedies. en-us Fri, 23 Jul 2021 00:00:00 +0530 Thu, 04 Jan 2024 20:23:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=311600 The Appellate Tribunal dismissed the appeal filed by the Operational Creditor, upholding the Adjudicating Authority's order under Section 9 of the IBC. The Tribunal found that the Appellant failed to establish the existence of an operational debt due to inadequate documentation and evidence, such as invoices or bills, to demonstrate the provision of services or goods. The Tribunal concurred that the Appellant did not meet the statutory requirements to be classified as an operational creditor, leading to the dismissal of the application. The Appellant was advised to pursue alternative legal remedies. Case-Laws Insolvency and Bankruptcy Fri, 23 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=311600