https://www.taxtmi.com/caselaws?id=399716 The Tribunal dismissed the application under Section 9 of the Insolvency and Bankruptcy Code, 2016, filed by the operational creditor against the corporate debtor, due to the existence of genuine disputes regarding the outstanding debt. The Tribunal found that the claims and counter-claims presented indicated a pre-existing dispute, as per the Mobilox precedent. Consequently, the conditions necessary for initiating the Corporate Insolvency Resolution Process were not satisfied. The application was dismissed without costs, and certified copies of the order were to be provided to the parties upon compliance with necessary formalities. en-us Wed, 19 Feb 2020 00:00:00 +0530 Tue, 05 Nov 2024 12:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=399716 The Tribunal dismissed the application under Section 9 of the Insolvency and Bankruptcy Code, 2016, filed by the operational creditor against the corporate debtor, due to the existence of genuine disputes regarding the outstanding debt. The Tribunal found that the claims and counter-claims presented indicated a pre-existing dispute, as per the Mobilox precedent. Consequently, the conditions necessary for initiating the Corporate Insolvency Resolution Process were not satisfied. The application was dismissed without costs, and certified copies of the order were to be provided to the parties upon compliance with necessary formalities. Case-Laws IBC Wed, 19 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=399716