https://www.taxtmi.com/caselaws?id=392316 The Tribunal dismissed the application under Section 9 of the Insolvency and Bankruptcy Code, 2016, filed by the Operational Creditor, due to the existence of a genuine dispute over payment claims with the Corporate Debtor. The Tribunal determined that the matter involved issues of privity of contract and statutory deductions, which warranted further investigation in a Civil Court rather than insolvency proceedings. The Registry was instructed to communicate the order to both parties, with a certified copy to be issued following procedural compliance. en-us Tue, 19 Nov 2019 00:00:00 +0530 Thu, 07 Nov 2024 11:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=392316 The Tribunal dismissed the application under Section 9 of the Insolvency and Bankruptcy Code, 2016, filed by the Operational Creditor, due to the existence of a genuine dispute over payment claims with the Corporate Debtor. The Tribunal determined that the matter involved issues of privity of contract and statutory deductions, which warranted further investigation in a Civil Court rather than insolvency proceedings. The Registry was instructed to communicate the order to both parties, with a certified copy to be issued following procedural compliance. Case-Laws IBC Tue, 19 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=392316