https://www.taxtmi.com/caselaws?id=354170 The Supreme Court upheld the Adjudicating Authority's decision to reject an Operational Creditor's application for initiating Corporate Insolvency Resolution Process against a respondent due to the existence of a dispute between the parties. Citing the requirement for a demand notice and emphasizing the significance of any dispute, the Court dismissed the appeal, stating that the notice of dispute received by the Creditor validated the rejection of the application under Section 9 of the Insolvency and Bankruptcy Code. en-us Fri, 08 Dec 2017 00:00:00 +0530 Fri, 19 Jan 2018 08:19:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=354170 The Supreme Court upheld the Adjudicating Authority's decision to reject an Operational Creditor's application for initiating Corporate Insolvency Resolution Process against a respondent due to the existence of a dispute between the parties. Citing the requirement for a demand notice and emphasizing the significance of any dispute, the Court dismissed the appeal, stating that the notice of dispute received by the Creditor validated the rejection of the application under Section 9 of the Insolvency and Bankruptcy Code. Case-Laws Insolvency and Bankruptcy Fri, 08 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=354170