https://www.taxtmi.com/caselaws?id=376230 The Tribunal dismissed the Operational Creditor's application to initiate the Corporate Insolvency Resolution Process against the Corporate Debtor due to the existence of a genuine dispute regarding the claimed operational debt. The Tribunal found that the dispute regarding the breach of contract terms was genuine and ongoing, dating back to 2014-2015, and not spurious. As a result, the application was deemed not maintainable under Section 9 of the Insolvency & Bankruptcy Code, 2016. en-us Tue, 29 Jan 2019 00:00:00 +0530 Tue, 05 Mar 2019 07:41:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=376230 The Tribunal dismissed the Operational Creditor's application to initiate the Corporate Insolvency Resolution Process against the Corporate Debtor due to the existence of a genuine dispute regarding the claimed operational debt. The Tribunal found that the dispute regarding the breach of contract terms was genuine and ongoing, dating back to 2014-2015, and not spurious. As a result, the application was deemed not maintainable under Section 9 of the Insolvency & Bankruptcy Code, 2016. Case-Laws Insolvency and Bankruptcy Tue, 29 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=376230