https://www.taxtmi.com/caselaws?id=399798 The Tribunal rejected the application for corporate insolvency resolution process under Section 9 of the Insolvency and Bankruptcy Code due to the existence of a pre-existing dispute between the parties regarding delays in work completion and service quality. The Respondent had raised issues of unethical behavior, monetary losses, and work delays, asserting it had already paid the full amount claimed. The Tribunal found the dispute predated the demand notice, rendering the application unsustainable. The decision was made without imposing costs on the Applicant, based on thorough analysis of evidence and legal arguments presented by both parties. en-us Thu, 19 Mar 2020 00:00:00 +0530 Tue, 20 Oct 2020 08:10:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=399798 The Tribunal rejected the application for corporate insolvency resolution process under Section 9 of the Insolvency and Bankruptcy Code due to the existence of a pre-existing dispute between the parties regarding delays in work completion and service quality. The Respondent had raised issues of unethical behavior, monetary losses, and work delays, asserting it had already paid the full amount claimed. The Tribunal found the dispute predated the demand notice, rendering the application unsustainable. The decision was made without imposing costs on the Applicant, based on thorough analysis of evidence and legal arguments presented by both parties. Case-Laws Insolvency and Bankruptcy Thu, 19 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=399798