https://www.taxtmi.com/caselaws?id=398362 The Tribunal rejected the operational creditor's application to trigger Corporate Insolvency Resolution Process against the respondent company based on a pre-existing dispute regarding services provided and bills raised, as detailed by the respondent. The Tribunal emphasized that it was not the appropriate forum to determine the merits of the dispute, citing the need to reject the application if a plausible contention requiring further investigation exists. The claim was deemed a disputed claim under Section 9(5)(ii)(d) of the Insolvency and Bankruptcy Code, leading to the dismissal of the petition without prejudice to the applicant's rights in other forums. en-us Mon, 03 Feb 2020 00:00:00 +0530 Mon, 14 Sep 2020 09:25:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=398362 The Tribunal rejected the operational creditor's application to trigger Corporate Insolvency Resolution Process against the respondent company based on a pre-existing dispute regarding services provided and bills raised, as detailed by the respondent. The Tribunal emphasized that it was not the appropriate forum to determine the merits of the dispute, citing the need to reject the application if a plausible contention requiring further investigation exists. The claim was deemed a disputed claim under Section 9(5)(ii)(d) of the Insolvency and Bankruptcy Code, leading to the dismissal of the petition without prejudice to the applicant's rights in other forums. Case-Laws Insolvency and Bankruptcy Mon, 03 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=398362