https://www.taxtmi.com/caselaws?id=769490 A Section 9 insolvency application based on alleged operational debt was held not fit for admission where the record indicated personal and matrimonial disputes, close connections between the parties, and doubts about the genuineness of the invoices and purchase orders. The Tribunal treated the materials as showing that the proceeding was being used to advance personal grievances rather than genuine insolvency resolution, so the dismissal of the application was upheld. Costs imposed for filing a frivolous and motivated petition were also sustained because the petition was found to be an abuse of the insolvency process. en-us Wed, 23 Apr 2025 00:00:00 +0530 Sat, 26 Apr 2025 08:30:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=769490 A Section 9 insolvency application based on alleged operational debt was held not fit for admission where the record indicated personal and matrimonial disputes, close connections between the parties, and doubts about the genuineness of the invoices and purchase orders. The Tribunal treated the materials as showing that the proceeding was being used to advance personal grievances rather than genuine insolvency resolution, so the dismissal of the application was upheld. Costs imposed for filing a frivolous and motivated petition were also sustained because the petition was found to be an abuse of the insolvency process. Case-Laws IBC Wed, 23 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=769490