https://www.taxtmi.com/caselaws?id=193841 The tribunal rejected the petitions seeking Corporate Insolvency Resolution Process under Section 9 of the Insolvency and Bankruptcy Code, 2016 against a company. The rejection was based on the existence of a dispute raised by the company regarding non-payment of outstanding balances to operational creditors. The tribunal emphasized the lack of documentation certifying the work done by the petitioners and found that the company's reply disputing the claims constituted a valid dispute under the Code. The rejection was due to insufficient evidence provided by the petitioners to counter the dispute, indicating that the remedy for the petitioners lies elsewhere outside the Code. en-us Wed, 01 Mar 2017 00:00:00 +0530 Wed, 03 Jan 2018 12:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=193841 The tribunal rejected the petitions seeking Corporate Insolvency Resolution Process under Section 9 of the Insolvency and Bankruptcy Code, 2016 against a company. The rejection was based on the existence of a dispute raised by the company regarding non-payment of outstanding balances to operational creditors. The tribunal emphasized the lack of documentation certifying the work done by the petitioners and found that the company's reply disputing the claims constituted a valid dispute under the Code. The rejection was due to insufficient evidence provided by the petitioners to counter the dispute, indicating that the remedy for the petitioners lies elsewhere outside the Code. Case-Laws Insolvency and Bankruptcy Wed, 01 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=193841