https://www.taxtmi.com/caselaws?id=386258 The Appellate Tribunal dismissed the appeal of an Operational Creditor seeking to disrupt the Corporate Insolvency Resolution Process (CIRP) due to a pre-existing dispute. The High Court found the Corporate Debtor's defense to be bona fide and likely to succeed in a Civil Court, directing the Appellant to pursue the matter there. The judgment highlighted that the CIRP process should not be used to settle disputed claims already under legal scrutiny. The Appellant was advised to wait until the moratorium period ended to pursue the suit further. en-us Wed, 12 Jun 2019 00:00:00 +0530 Wed, 25 Sep 2019 07:49:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=386258 The Appellate Tribunal dismissed the appeal of an Operational Creditor seeking to disrupt the Corporate Insolvency Resolution Process (CIRP) due to a pre-existing dispute. The High Court found the Corporate Debtor's defense to be bona fide and likely to succeed in a Civil Court, directing the Appellant to pursue the matter there. The judgment highlighted that the CIRP process should not be used to settle disputed claims already under legal scrutiny. The Appellant was advised to wait until the moratorium period ended to pursue the suit further. Case-Laws Insolvency and Bankruptcy Wed, 12 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=386258