https://www.taxtmi.com/caselaws?id=386196 The Tribunal rejected the Company petition for the initiation of Corporate Insolvency Resolution Process against the Corporate Debtor due to the existence of a pre-existing dispute between the parties, as highlighted in Mobilox Innovations Private Limited vs Kirusa Software Private Limited. The rejection emphasized the need for plausible contentions and the rejection of spurious defenses under Section 9 of the Insolvency and Bankruptcy Code. The Operational Creditor's right to pursue recovery of dues through other legal avenues was acknowledged despite the rejection of the petition. en-us Fri, 07 Jun 2019 00:00:00 +0530 Tue, 24 Sep 2019 07:16:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=386196 The Tribunal rejected the Company petition for the initiation of Corporate Insolvency Resolution Process against the Corporate Debtor due to the existence of a pre-existing dispute between the parties, as highlighted in Mobilox Innovations Private Limited vs Kirusa Software Private Limited. The rejection emphasized the need for plausible contentions and the rejection of spurious defenses under Section 9 of the Insolvency and Bankruptcy Code. The Operational Creditor's right to pursue recovery of dues through other legal avenues was acknowledged despite the rejection of the petition. Case-Laws Insolvency and Bankruptcy Fri, 07 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=386196