https://www.taxtmi.com/caselaws?id=376102 The Tribunal rejected the petition filed by Credit Suisse AG under section 9 of the Insolvency & Bankruptcy Code against Corporate Debtor, Crest Steel & Power Private Limited, due to a genuine dispute over the amount claimed for poor quality goods supplied. The Tribunal found the dispute regarding the unpaid operational debt to be valid, supported by communications and documents, emphasizing the importance of assessing the merits of disputes in insolvency cases. The decision highlighted the necessity of clear communication and evidence to substantiate claims. The Registry was instructed to promptly communicate the order to both parties. en-us Mon, 14 Jan 2019 00:00:00 +0530 Sat, 02 Mar 2019 13:51:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=376102 The Tribunal rejected the petition filed by Credit Suisse AG under section 9 of the Insolvency & Bankruptcy Code against Corporate Debtor, Crest Steel & Power Private Limited, due to a genuine dispute over the amount claimed for poor quality goods supplied. The Tribunal found the dispute regarding the unpaid operational debt to be valid, supported by communications and documents, emphasizing the importance of assessing the merits of disputes in insolvency cases. The decision highlighted the necessity of clear communication and evidence to substantiate claims. The Registry was instructed to promptly communicate the order to both parties. Case-Laws Insolvency and Bankruptcy Mon, 14 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=376102