Tribunal Dismisses Section 9 Petition: Settlement Agreement Anti-Dated, Unstamped, Unregistered; Claims Not Operational Debt Under Insolvency Laws.

Dismissal of Section 9 Petition on the ground that the ‘Settlement Agreement’ was anti-dated, unstamped and unregistered - Operational creditors - Even if the Settlement Agreement is taken into consideration, this ‘Tribunal’ is of the earnest view that the claims arising under the ‘MOU’ lost the character of ‘Operational Debt’ and became a debt simpliciter. - AT .....

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