https://www.taxtmi.com/caselaws?id=398874 The Tribunal rejected the insolvency petition filed by M/s. M+R Logistics India Pvt. Ltd. against M/s. AGA Publications Ltd. under section 9 of the Insolvency and Bankruptcy Code, 2016. The rejection was based on the existence of a pre-existing dispute between the parties regarding the quality of services provided, as evidenced by email exchanges and a counterclaim in a civil suit. The Tribunal emphasized that the IBC should not be invoked in the presence of a real dispute, citing relevant case law. The application was also deemed to be within the limitation period due to continuous events and the High Court's order directing the transfer of proceedings. en-us Fri, 26 Jun 2020 00:00:00 +0530 Sat, 16 Oct 2021 16:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=398874 The Tribunal rejected the insolvency petition filed by M/s. M+R Logistics India Pvt. Ltd. against M/s. AGA Publications Ltd. under section 9 of the Insolvency and Bankruptcy Code, 2016. The rejection was based on the existence of a pre-existing dispute between the parties regarding the quality of services provided, as evidenced by email exchanges and a counterclaim in a civil suit. The Tribunal emphasized that the IBC should not be invoked in the presence of a real dispute, citing relevant case law. The application was also deemed to be within the limitation period due to continuous events and the High Court's order directing the transfer of proceedings. Case-Laws Insolvency and Bankruptcy Fri, 26 Jun 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=398874