https://www.taxtmi.com/caselaws?id=372972 The Tribunal rejected the petition to initiate Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor due to the existence of a bona fide dispute regarding payment terms and the contingent nature of the debt. The Tribunal highlighted the pending litigation and emphasized that the Operational Creditor could seek alternative legal remedies, including the ongoing writ appeal before the High Court of Calcutta. en-us Wed, 31 Oct 2018 00:00:00 +0530 Fri, 04 Jan 2019 06:39:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=372972 The Tribunal rejected the petition to initiate Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor due to the existence of a bona fide dispute regarding payment terms and the contingent nature of the debt. The Tribunal highlighted the pending litigation and emphasized that the Operational Creditor could seek alternative legal remedies, including the ongoing writ appeal before the High Court of Calcutta. Case-Laws Insolvency and Bankruptcy Wed, 31 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=372972