https://www.taxtmi.com/caselaws?id=397934 The Appellate Tribunal upheld the rejection of the Application under Section 9 of the Insolvency & Bankruptcy Code, 2016 by the Adjudicating Authority. The dispute over demurrage charges raised by the Corporate Debtor before the demand notice was issued was found to be genuine, requiring further investigation. Citing the legal principles from Mobilox Innovations Pvt Ltd Vs. Kirusa Software (P) Limited, the Tribunal emphasized the need for a plausible contention in such cases. As the dispute was deemed genuine and not spurious, the Tribunal dismissed the Appeal, affirming the rejection of the Application under Section 9 of the Code. en-us Wed, 26 Aug 2020 00:00:00 +0530 Wed, 02 Sep 2020 10:37:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=397934 The Appellate Tribunal upheld the rejection of the Application under Section 9 of the Insolvency & Bankruptcy Code, 2016 by the Adjudicating Authority. The dispute over demurrage charges raised by the Corporate Debtor before the demand notice was issued was found to be genuine, requiring further investigation. Citing the legal principles from Mobilox Innovations Pvt Ltd Vs. Kirusa Software (P) Limited, the Tribunal emphasized the need for a plausible contention in such cases. As the dispute was deemed genuine and not spurious, the Tribunal dismissed the Appeal, affirming the rejection of the Application under Section 9 of the Code. Case-Laws Insolvency and Bankruptcy Wed, 26 Aug 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=397934