https://www.taxtmi.com/caselaws?id=399195 The application under section 9 of the Insolvency and Bankruptcy Code was dismissed by the Tribunal as it found that a pre-existing dispute existed between the parties before the issuance of the demand notice under section 8 of the Code. The Tribunal emphasized the need for a real dispute, not a spurious one, at this stage, following the Supreme Court precedent in "Mobilox Innovative Private Limited vs. Kirusa Software Private Limited." The decision required communication of the order to both parties, forwarding a copy to IBBI for records, and sending another copy to ROC for updating the Master Data, with ROC mandated to provide a compliance report to the Registrar, NCLT. en-us Fri, 31 Jul 2020 00:00:00 +0530 Tue, 06 Oct 2020 11:45:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=399195 The application under section 9 of the Insolvency and Bankruptcy Code was dismissed by the Tribunal as it found that a pre-existing dispute existed between the parties before the issuance of the demand notice under section 8 of the Code. The Tribunal emphasized the need for a real dispute, not a spurious one, at this stage, following the Supreme Court precedent in "Mobilox Innovative Private Limited vs. Kirusa Software Private Limited." The decision required communication of the order to both parties, forwarding a copy to IBBI for records, and sending another copy to ROC for updating the Master Data, with ROC mandated to provide a compliance report to the Registrar, NCLT. Case-Laws Insolvency and Bankruptcy Fri, 31 Jul 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=399195