https://www.taxtmi.com/caselaws?id=392191 The Tribunal dismissed the petition due to a pre-existing dispute, highlighting that the Insolvency and Bankruptcy Code is intended for resolution, not recovery. The application was deemed an improper use of the IBC for debt recovery, contrary to its purpose. IA No. 605 of 2019 was disposed of without costs awarded. en-us Wed, 20 Nov 2019 00:00:00 +0530 Sat, 15 Feb 2020 08:37:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=392191 The Tribunal dismissed the petition due to a pre-existing dispute, highlighting that the Insolvency and Bankruptcy Code is intended for resolution, not recovery. The application was deemed an improper use of the IBC for debt recovery, contrary to its purpose. IA No. 605 of 2019 was disposed of without costs awarded. Case-Laws Insolvency and Bankruptcy Wed, 20 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=392191