https://www.taxtmi.com/caselaws?id=281390 The tribunal dismissed the winding up petition transferred to the National Company Law Tribunal under the Insolvency and Bankruptcy Code. The operational creditor's claim of &8377;13,45,603 for outstanding bills and work orders was disputed by the debtor, citing poor work quality and lack of evidence on subcontractor payments. Relying on Mobilox Innovations P. Ltd. v. Kirusa Software P. Ltd., the tribunal required a genuine dispute for rejection under section 9(5)(ii)(d) of the Code, finding a real dispute and rejecting the petition, emphasizing the need to differentiate genuine disputes from baseless defenses. en-us Mon, 20 Aug 2018 00:00:00 +0530 Mon, 17 Jun 2019 21:52:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=281390 The tribunal dismissed the winding up petition transferred to the National Company Law Tribunal under the Insolvency and Bankruptcy Code. The operational creditor's claim of &8377;13,45,603 for outstanding bills and work orders was disputed by the debtor, citing poor work quality and lack of evidence on subcontractor payments. Relying on Mobilox Innovations P. Ltd. v. Kirusa Software P. Ltd., the tribunal required a genuine dispute for rejection under section 9(5)(ii)(d) of the Code, finding a real dispute and rejecting the petition, emphasizing the need to differentiate genuine disputes from baseless defenses. Case-Laws Insolvency and Bankruptcy Mon, 20 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=281390