https://www.taxtmi.com/caselaws?id=397448 The Tribunal upheld the Adjudicating Authority's decision to admit the Section 9 Application filed by the Operational Creditor, dismissing the appeal by the Corporate Debtor. The Tribunal found the dispute raised by the Corporate Debtor to be illusory, affirming no illegality or infirmity in the decision. The principle from "Mobilox Innovations Pvt. Ltd. Vs. Kirusa Software (P) Limited" was applied, emphasizing the necessity of a pre-existing dispute before the receipt of the demand notice or invoice. The appeal was dismissed without costs. en-us Mon, 10 Aug 2020 00:00:00 +0530 Wed, 19 Aug 2020 11:16:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=397448 The Tribunal upheld the Adjudicating Authority's decision to admit the Section 9 Application filed by the Operational Creditor, dismissing the appeal by the Corporate Debtor. The Tribunal found the dispute raised by the Corporate Debtor to be illusory, affirming no illegality or infirmity in the decision. The principle from "Mobilox Innovations Pvt. Ltd. Vs. Kirusa Software (P) Limited" was applied, emphasizing the necessity of a pre-existing dispute before the receipt of the demand notice or invoice. The appeal was dismissed without costs. Case-Laws Insolvency and Bankruptcy Mon, 10 Aug 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=397448