https://www.taxtmi.com/highlights?id=79534 Operational Creditor failed to prove debt and default beyond threshold limit against Corporate Debtor. Adjudicating Authority rightly rejected Section 9 application as alleged debt fell within Section 10A prohibited period during COVID-19 pandemic. Mere issuance of invoice did not constitute default date without evidence of delivery to Corporate Debtor. Application filed with malicious intent to settle family dispute, not for insolvency resolution. Appellate Tribunal affirmed rejection of application and imposition of penalty. en-us Fri, 19 Jul 2024 07:34:28 +0530 Fri, 19 Jul 2024 07:34:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=79534 Operational Creditor failed to prove debt and default beyond threshold limit against Corporate Debtor. Adjudicating Authority rightly rejected Section 9 application as alleged debt fell within Section 10A prohibited period during COVID-19 pandemic. Mere issuance of invoice did not constitute default date without evidence of delivery to Corporate Debtor. Application filed with malicious intent to settle family dispute, not for insolvency resolution. Appellate Tribunal affirmed rejection of application and imposition of penalty. Highlights Insolvency and Bankruptcy Fri, 19 Jul 2024 07:34:28 +0530 https://www.taxtmi.com/highlights?id=79534