https://www.taxtmi.com/caselaws?id=287709 The National Company Law Appellate Tribunal, New Delhi, upheld the Adjudicating Authority's decision to reject an application under section 9 of the Insolvency and Bankruptcy Code, 2016. The dispute arose from conflicting claims regarding the supply of goods and materials between the Operational Creditor and the Corporate Debtor. Despite the Operational Creditor's argument against the existence of a dispute, the Tribunal found evidence of a clear dispute based on the correspondence between the parties. The appeal was dismissed, emphasizing the necessity of resolving disputes prior to initiating the Corporate Insolvency Resolution Process. en-us Thu, 14 Sep 2017 00:00:00 +0530 Tue, 28 Apr 2020 22:54:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=287709 The National Company Law Appellate Tribunal, New Delhi, upheld the Adjudicating Authority's decision to reject an application under section 9 of the Insolvency and Bankruptcy Code, 2016. The dispute arose from conflicting claims regarding the supply of goods and materials between the Operational Creditor and the Corporate Debtor. Despite the Operational Creditor's argument against the existence of a dispute, the Tribunal found evidence of a clear dispute based on the correspondence between the parties. The appeal was dismissed, emphasizing the necessity of resolving disputes prior to initiating the Corporate Insolvency Resolution Process. Case-Laws Insolvency and Bankruptcy Thu, 14 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=287709