https://www.taxtmi.com/caselaws?id=390625 The appeal filed by SEITZ GmbH under Section 61(1) of the Insolvency and Bankruptcy Code, 2016 to set aside the dismissal of their application against the Corporate Debtor for unpaid invoices totaling EUR 229,020.48 was dismissed. The Corporate Debtor's dispute regarding repayment and transfer of liabilities was not considered a genuine third-party dispute, leading to the dismissal of the appeal. The Tribunal emphasized the need for a genuine dispute to reject an application, ultimately finding no merit in the appeal and dismissing it without costs. en-us Tue, 26 Nov 2019 00:00:00 +0530 Thu, 07 May 2020 14:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=390625 The appeal filed by SEITZ GmbH under Section 61(1) of the Insolvency and Bankruptcy Code, 2016 to set aside the dismissal of their application against the Corporate Debtor for unpaid invoices totaling EUR 229,020.48 was dismissed. The Corporate Debtor's dispute regarding repayment and transfer of liabilities was not considered a genuine third-party dispute, leading to the dismissal of the appeal. The Tribunal emphasized the need for a genuine dispute to reject an application, ultimately finding no merit in the appeal and dismissing it without costs. Case-Laws Insolvency and Bankruptcy Tue, 26 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=390625