https://www.taxtmi.com/caselaws?id=399613 The Tribunal rejected the petition for initiation of Corporate Insolvency Resolution Process against the Corporate Debtor, Specific Ceramics Limited, as a pre-existing dispute existed before the demand notice was issued. The Respondent disputed the claim, alleging substandard goods and document fabrication by the Petitioner. The Tribunal emphasized the need to reject applications with plausible contentions requiring further investigation. The dismissal of the application does not prejudice the applicant's rights to pursue the matter in other forums. en-us Tue, 18 Feb 2020 00:00:00 +0530 Thu, 15 Oct 2020 13:16:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=399613 The Tribunal rejected the petition for initiation of Corporate Insolvency Resolution Process against the Corporate Debtor, Specific Ceramics Limited, as a pre-existing dispute existed before the demand notice was issued. The Respondent disputed the claim, alleging substandard goods and document fabrication by the Petitioner. The Tribunal emphasized the need to reject applications with plausible contentions requiring further investigation. The dismissal of the application does not prejudice the applicant's rights to pursue the matter in other forums. Case-Laws Insolvency and Bankruptcy Tue, 18 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=399613