https://www.taxtmi.com/caselaws?id=395975 The Tribunal dismissed the Financial Creditor's application to initiate Corporate Insolvency Resolution Process (CIRP) under Section 7 of the Insolvency and Bankruptcy Code, 2016. The Financial Creditor's claim was categorized as a "Disputed Claim" in the Resolution Plan, as it was not recognized during the CIRP. The Tribunal clarified that disputed debts fall under the jurisdiction of Civil Courts, emphasizing its summary nature and inability to adjudicate such disputes. The Financial Creditor was advised to seek redressal in appropriate forums, with the dismissal being without costs. en-us Tue, 05 May 2020 00:00:00 +0530 Wed, 17 Jun 2020 10:31:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=395975 The Tribunal dismissed the Financial Creditor's application to initiate Corporate Insolvency Resolution Process (CIRP) under Section 7 of the Insolvency and Bankruptcy Code, 2016. The Financial Creditor's claim was categorized as a "Disputed Claim" in the Resolution Plan, as it was not recognized during the CIRP. The Tribunal clarified that disputed debts fall under the jurisdiction of Civil Courts, emphasizing its summary nature and inability to adjudicate such disputes. The Financial Creditor was advised to seek redressal in appropriate forums, with the dismissal being without costs. Case-Laws Insolvency and Bankruptcy Tue, 05 May 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=395975