https://www.taxtmi.com/caselaws?id=372607 The court upheld the decision of the Adjudicating Authority to admit the petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, for the initiation of Corporate Insolvency Resolution Process against the Corporate Debtor. The appellant, a shareholder of the Corporate Debtor, failed to demonstrate a pre-existing dispute regarding the quality of goods supplied by the Operational Creditor. The court emphasized the necessity of timely and substantiated disputes in insolvency proceedings and dismissed the appeal without imposing costs. en-us Tue, 27 Nov 2018 00:00:00 +0530 Tue, 25 Dec 2018 14:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=372607 The court upheld the decision of the Adjudicating Authority to admit the petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, for the initiation of Corporate Insolvency Resolution Process against the Corporate Debtor. The appellant, a shareholder of the Corporate Debtor, failed to demonstrate a pre-existing dispute regarding the quality of goods supplied by the Operational Creditor. The court emphasized the necessity of timely and substantiated disputes in insolvency proceedings and dismissed the appeal without imposing costs. Case-Laws Insolvency and Bankruptcy Tue, 27 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=372607