https://www.taxtmi.com/caselaws?id=287916 The Tribunal rejected the applicant's petition under section 9 of the Insolvency and Bankruptcy Code, 2016, citing the existence of a pre-existing dispute raised by the respondent. The Tribunal found that the respondent's objections and disputes regarding the contractual obligations and performance were substantial, leading to the conclusion that the operational debt claimed was not free from dispute. Consequently, the application was deemed not maintainable under section 9(5)(ii)(d) of the Code. The Tribunal clarified that its decision did not imply a judgment on the underlying merits of the dispute and ensured that the applicant's rights were preserved for resolution in other forums. en-us Fri, 14 Jun 2019 00:00:00 +0530 Sat, 09 May 2020 00:07:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=287916 The Tribunal rejected the applicant's petition under section 9 of the Insolvency and Bankruptcy Code, 2016, citing the existence of a pre-existing dispute raised by the respondent. The Tribunal found that the respondent's objections and disputes regarding the contractual obligations and performance were substantial, leading to the conclusion that the operational debt claimed was not free from dispute. Consequently, the application was deemed not maintainable under section 9(5)(ii)(d) of the Code. The Tribunal clarified that its decision did not imply a judgment on the underlying merits of the dispute and ensured that the applicant's rights were preserved for resolution in other forums. Case-Laws Insolvency and Bankruptcy Fri, 14 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=287916