https://www.taxtmi.com/caselaws?id=399759 The NCLT, Ahmedabad Bench dismissed the petition for initiating Corporate Insolvency Resolution Process (CIRP) due to clear pre-existing disputes between the Operational Creditor and Corporate Debtor, as per the Supreme Court precedent. The tribunal emphasized that the existence of a dispute prior to the demand notice issuance warrants dismissal of the application under Section 9 of the Insolvency and Bankruptcy Code. The parties were advised that the tribunal's decision should not prejudice their rights in other forums, and the case was concluded without costs. en-us Wed, 12 Feb 2020 00:00:00 +0530 Mon, 19 Oct 2020 09:54:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=399759 The NCLT, Ahmedabad Bench dismissed the petition for initiating Corporate Insolvency Resolution Process (CIRP) due to clear pre-existing disputes between the Operational Creditor and Corporate Debtor, as per the Supreme Court precedent. The tribunal emphasized that the existence of a dispute prior to the demand notice issuance warrants dismissal of the application under Section 9 of the Insolvency and Bankruptcy Code. The parties were advised that the tribunal's decision should not prejudice their rights in other forums, and the case was concluded without costs. Case-Laws Insolvency and Bankruptcy Wed, 12 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=399759