https://www.taxtmi.com/caselaws?id=374151 The Tribunal dismissed the petition to initiate Corporate Insolvency Resolution Process (CIRP) as the debt was found to be in serious dispute, barred by laches and limitation. The Petitioner's claims of breaches of the Master Licence Agreement were not substantiated, and the existence of a bona fide dispute regarding the debt, coupled with the applicability of an arbitration clause, further supported the dismissal. The Tribunal emphasized that the Petitioner could pursue other remedies under different laws. No costs were awarded in this matter. en-us Thu, 20 Dec 2018 00:00:00 +0530 Mon, 28 Jan 2019 07:46:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=374151 The Tribunal dismissed the petition to initiate Corporate Insolvency Resolution Process (CIRP) as the debt was found to be in serious dispute, barred by laches and limitation. The Petitioner's claims of breaches of the Master Licence Agreement were not substantiated, and the existence of a bona fide dispute regarding the debt, coupled with the applicability of an arbitration clause, further supported the dismissal. The Tribunal emphasized that the Petitioner could pursue other remedies under different laws. No costs were awarded in this matter. Case-Laws Insolvency and Bankruptcy Thu, 20 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=374151