https://www.taxtmi.com/caselaws?id=379874 An application under the Insolvency and Bankruptcy Code was held to be barred by a pre-existing dispute where the record at the time of the demand notice already showed litigation over the arbitral award, section 34 and section 37 proceedings, execution, and computation of dues and interest. The dispute was not treated as a simple case of an undisputed unpaid operational debt because the award amount had been paid and the parties were still contesting the remaining liability and interest calculation. On those facts, the section 9 insolvency petition was rejected as not maintainable. en-us Mon, 01 Apr 2019 00:00:00 +0530 Thu, 09 May 2019 06:27:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=379874 An application under the Insolvency and Bankruptcy Code was held to be barred by a pre-existing dispute where the record at the time of the demand notice already showed litigation over the arbitral award, section 34 and section 37 proceedings, execution, and computation of dues and interest. The dispute was not treated as a simple case of an undisputed unpaid operational debt because the award amount had been paid and the parties were still contesting the remaining liability and interest calculation. On those facts, the section 9 insolvency petition was rejected as not maintainable. Case-Laws Insolvency and Bankruptcy Mon, 01 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=379874