https://www.taxtmi.com/caselaws?id=390626 The appeal under Section 61(1) of the Insolvency and Bankruptcy Code, 2016, seeking initiation of Corporate Insolvency Resolution Process against the respondent was dismissed by the National Company Law Tribunal. The tribunal found that the debt was genuinely disputed before the demand notice was issued, supporting the rejection of the application under Section 9 of the Code. Emphasizing the need for a bona fide dispute, the tribunal ruled in favor of the respondent, dismissing the appeal for lack of merit. en-us Fri, 13 Dec 2019 00:00:00 +0530 Thu, 07 May 2020 14:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=390626 The appeal under Section 61(1) of the Insolvency and Bankruptcy Code, 2016, seeking initiation of Corporate Insolvency Resolution Process against the respondent was dismissed by the National Company Law Tribunal. The tribunal found that the debt was genuinely disputed before the demand notice was issued, supporting the rejection of the application under Section 9 of the Code. Emphasizing the need for a bona fide dispute, the tribunal ruled in favor of the respondent, dismissing the appeal for lack of merit. Case-Laws Insolvency and Bankruptcy Fri, 13 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=390626