https://www.taxtmi.com/caselaws?id=282440 The Tribunal dismissed the main application to initiate Corporate Insolvency Resolution Process against Wipro Limited, as it determined that the claim had not converted into a debt and a dispute existed between the parties. The Tribunal emphasized that the Insolvency and Bankruptcy Code is not intended for chasing payments and highlighted that the fundamental requirement for initiating CIRP, the existence of a default, was disputed in this case. No costs were awarded in the judgment. en-us Mon, 31 Dec 2018 00:00:00 +0530 Wed, 07 Aug 2019 18:47:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=282440 The Tribunal dismissed the main application to initiate Corporate Insolvency Resolution Process against Wipro Limited, as it determined that the claim had not converted into a debt and a dispute existed between the parties. The Tribunal emphasized that the Insolvency and Bankruptcy Code is not intended for chasing payments and highlighted that the fundamental requirement for initiating CIRP, the existence of a default, was disputed in this case. No costs were awarded in the judgment. Case-Laws Insolvency and Bankruptcy Mon, 31 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=282440