https://www.taxtmi.com/caselaws?id=391611 The appeal against the rejection of a petition under Section 9 of the Insolvency and Bankruptcy Code was dismissed. The Adjudicating Authority found a genuine pre-existing dispute between the Operational Creditor and the Corporate Debtor regarding outstanding payments for construction work. The Corporate Debtor's contentions were deemed plausible, and the dispute was not frivolous. Communication between the parties indicated disagreement over bills before the demand notice was issued. Therefore, the rejection of the petition was upheld, and the appeal was dismissed without costs. en-us Fri, 03 Jan 2020 00:00:00 +0530 Thu, 07 May 2020 14:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=391611 The appeal against the rejection of a petition under Section 9 of the Insolvency and Bankruptcy Code was dismissed. The Adjudicating Authority found a genuine pre-existing dispute between the Operational Creditor and the Corporate Debtor regarding outstanding payments for construction work. The Corporate Debtor's contentions were deemed plausible, and the dispute was not frivolous. Communication between the parties indicated disagreement over bills before the demand notice was issued. Therefore, the rejection of the petition was upheld, and the appeal was dismissed without costs. Case-Laws Insolvency and Bankruptcy Fri, 03 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=391611