https://www.taxtmi.com/caselaws?id=381056 The appeal against the rejection of the application under section 9 of the Insolvency & Bankruptcy Code by the National Company Law Tribunal was dismissed. The Tribunal found that there was a pre-existing dispute as the suit was filed before the Demand Notice under section 8(1) was issued. It was determined that the Operational Creditor was no longer under the purview of the Code once a pre-existing dispute was established. The Tribunal emphasized the importance of a genuine dispute and concluded that the application under section 9 was not maintainable. The appeal was dismissed for lack of merit, with no costs awarded. en-us Thu, 02 May 2019 00:00:00 +0530 Mon, 03 Jun 2019 16:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=381056 The appeal against the rejection of the application under section 9 of the Insolvency & Bankruptcy Code by the National Company Law Tribunal was dismissed. The Tribunal found that there was a pre-existing dispute as the suit was filed before the Demand Notice under section 8(1) was issued. It was determined that the Operational Creditor was no longer under the purview of the Code once a pre-existing dispute was established. The Tribunal emphasized the importance of a genuine dispute and concluded that the application under section 9 was not maintainable. The appeal was dismissed for lack of merit, with no costs awarded. Case-Laws Insolvency and Bankruptcy Thu, 02 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=381056