https://www.taxtmi.com/caselaws?id=380572 The petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, was dismissed due to the existence of a pre-existing dispute between the Operational Creditor and the Corporate Debtor regarding the quality of work performed. The Tribunal found that the Corporate Debtor had raised concerns about the work before the invoices were issued, rendering the petition inadmissible. The Tribunal cited a Supreme Court decision emphasizing that operational creditors cannot utilize the Insolvency Code to enforce debt in cases involving pre-existing disputes. The Petitioner was advised to pursue relief through alternative legal avenues. en-us Tue, 05 Feb 2019 00:00:00 +0530 Fri, 24 May 2019 12:02:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=380572 The petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, was dismissed due to the existence of a pre-existing dispute between the Operational Creditor and the Corporate Debtor regarding the quality of work performed. The Tribunal found that the Corporate Debtor had raised concerns about the work before the invoices were issued, rendering the petition inadmissible. The Tribunal cited a Supreme Court decision emphasizing that operational creditors cannot utilize the Insolvency Code to enforce debt in cases involving pre-existing disputes. The Petitioner was advised to pursue relief through alternative legal avenues. Case-Laws Insolvency and Bankruptcy Tue, 05 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=380572