https://www.taxtmi.com/caselaws?id=282406 The tribunal dismissed the application under Section 9 of the Insolvency and Bankruptcy Code, citing the existence of a genuine dispute between the operational creditor and the debtor. It emphasized the need for further investigation due to the real dispute, leading to the rejection of commencing Corporate Insolvency Resolution Process (CIRP). The tribunal deemed the remedy under the Code unsuitable and allowed the operational creditor to explore alternative legal options. No costs were awarded in the dismissal of the application. en-us Fri, 31 Aug 2018 00:00:00 +0530 Tue, 06 Aug 2019 20:29:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=282406 The tribunal dismissed the application under Section 9 of the Insolvency and Bankruptcy Code, citing the existence of a genuine dispute between the operational creditor and the debtor. It emphasized the need for further investigation due to the real dispute, leading to the rejection of commencing Corporate Insolvency Resolution Process (CIRP). The tribunal deemed the remedy under the Code unsuitable and allowed the operational creditor to explore alternative legal options. No costs were awarded in the dismissal of the application. Case-Laws Insolvency and Bankruptcy Fri, 31 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=282406