https://www.taxtmi.com/caselaws?id=776076 The SC dismissed the appeal, affirming the NCLAT's decision upholding the operational creditor's claim under Section 9 of the IBC, 2016. The court found no grounds to interfere with the impugned judgment, which had recognized the claim despite the debtor's contention regarding insufficient documentation. The NCLAT had noted that an application under Section 12A based on a purported settlement was an attempt by the corporate debtor and its promoters to circumvent the CIRP process. The civil appeal was dismissed as withdrawn, thereby confirming the operational creditor's entitlement and the validity of the insolvency proceedings. en-us Thu, 02 Jan 2025 00:00:00 +0530 Tue, 05 Aug 2025 07:54:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=776076 The SC dismissed the appeal, affirming the NCLAT's decision upholding the operational creditor's claim under Section 9 of the IBC, 2016. The court found no grounds to interfere with the impugned judgment, which had recognized the claim despite the debtor's contention regarding insufficient documentation. The NCLAT had noted that an application under Section 12A based on a purported settlement was an attempt by the corporate debtor and its promoters to circumvent the CIRP process. The civil appeal was dismissed as withdrawn, thereby confirming the operational creditor's entitlement and the validity of the insolvency proceedings. Case-Laws IBC Thu, 02 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=776076