https://www.taxtmi.com/caselaws?id=356615 The tribunal rejected the application for initiating corporate insolvency proceedings against the Corporate Debtor, as a genuine dispute was established. The tribunal found the contentions raised by the Corporate Debtor to be legitimate and requiring further investigation, supported by evidence such as the MOU, ongoing arbitration, and quality issues. The tribunal noted the lack of spurious or illusory disputes and highlighted the suppression of material facts by the Operational Creditor. No costs were awarded in this case. en-us Fri, 19 Jan 2018 00:00:00 +0530 Thu, 08 Mar 2018 07:05:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=356615 The tribunal rejected the application for initiating corporate insolvency proceedings against the Corporate Debtor, as a genuine dispute was established. The tribunal found the contentions raised by the Corporate Debtor to be legitimate and requiring further investigation, supported by evidence such as the MOU, ongoing arbitration, and quality issues. The tribunal noted the lack of spurious or illusory disputes and highlighted the suppression of material facts by the Operational Creditor. No costs were awarded in this case. Case-Laws Insolvency and Bankruptcy Fri, 19 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=356615