https://www.taxtmi.com/caselaws?id=288456 The Tribunal dismissed the Company Petition filed under section 9 of the Insolvency & Bankruptcy Code, 2016 due to a pre-existing dispute between the Operational Creditor and the Corporate Debtor regarding services provided, payments demanded, and timelines for obtaining licenses. Relying on the Supreme Court's decision in Mobilox Innovations (P.) Ltd. v. Kirusa Software (P.) Ltd., the Tribunal emphasized the need for a genuine dispute requiring further investigation. The Petitioner was granted liberty to proceed as per the law due to the existence of a substantial dispute between the parties. en-us Wed, 20 Feb 2019 00:00:00 +0530 Mon, 08 Jun 2020 18:14:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=288456 The Tribunal dismissed the Company Petition filed under section 9 of the Insolvency & Bankruptcy Code, 2016 due to a pre-existing dispute between the Operational Creditor and the Corporate Debtor regarding services provided, payments demanded, and timelines for obtaining licenses. Relying on the Supreme Court's decision in Mobilox Innovations (P.) Ltd. v. Kirusa Software (P.) Ltd., the Tribunal emphasized the need for a genuine dispute requiring further investigation. The Petitioner was granted liberty to proceed as per the law due to the existence of a substantial dispute between the parties. Case-Laws Insolvency and Bankruptcy Wed, 20 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=288456