https://www.taxtmi.com/caselaws?id=344229 The Bench rejected the petition to initiate Corporate Insolvency Resolution against the Corporate Debtor under Section 9 of the Insolvency and Bankruptcy Code, 2016. Despite the Operational Creditor's unpaid bill of Rs. 88,87,502, the Bench found the dissatisfaction with the work, claims for adjustments, and payments made by the Corporate Debtor as reasons not to proceed with insolvency proceedings. The Bench clarified that the term "dispute" under the Code encompasses various issues beyond pending suits or arbitration, leading to the decision against initiating insolvency resolution in this case. en-us Mon, 08 May 2017 00:00:00 +0530 Wed, 03 Jan 2018 12:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=344229 The Bench rejected the petition to initiate Corporate Insolvency Resolution against the Corporate Debtor under Section 9 of the Insolvency and Bankruptcy Code, 2016. Despite the Operational Creditor's unpaid bill of Rs. 88,87,502, the Bench found the dissatisfaction with the work, claims for adjustments, and payments made by the Corporate Debtor as reasons not to proceed with insolvency proceedings. The Bench clarified that the term "dispute" under the Code encompasses various issues beyond pending suits or arbitration, leading to the decision against initiating insolvency resolution in this case. Case-Laws Insolvency and Bankruptcy Mon, 08 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=344229