https://www.taxtmi.com/caselaws?id=285364 The Tribunal confirmed its territorial jurisdiction over the matter involving outstanding payments and invoices between a German Operational Creditor and an Indian Corporate Debtor. The Corporate Debtor raised disputes regarding the amount claimed, citing prior disputes and pending litigation. The Tribunal, following the Supreme Court's precedent, dismissed the petition under Section 9 (5) (ii) (d) of the Insolvency and Bankruptcy Code, 2016, due to the existence of genuine disputes. The final order dismissed the petition without prejudice to the Applicant's rights in other forums. en-us Wed, 03 Jul 2019 00:00:00 +0530 Thu, 09 Jan 2020 10:17:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=285364 The Tribunal confirmed its territorial jurisdiction over the matter involving outstanding payments and invoices between a German Operational Creditor and an Indian Corporate Debtor. The Corporate Debtor raised disputes regarding the amount claimed, citing prior disputes and pending litigation. The Tribunal, following the Supreme Court's precedent, dismissed the petition under Section 9 (5) (ii) (d) of the Insolvency and Bankruptcy Code, 2016, due to the existence of genuine disputes. The final order dismissed the petition without prejudice to the Applicant's rights in other forums. Case-Laws Insolvency and Bankruptcy Wed, 03 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=285364