https://www.taxtmi.com/caselaws?id=290888 The Tribunal dismissed the petition for the initiation of Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor, citing the existence of pre-existing disputes between the parties regarding the Charter Party Agreement. The Tribunal relied on the judgment in Mobilox Innovations Pvt. Ltd. v. Kirusa Software (P) Limited, highlighting that an application under Section 9 of the Insolvency & Bankruptcy Code should be rejected if there is a record of dispute requiring further investigation. The petition was dismissed based on the identified pre-existing disputes, as supported by meeting minutes and communications. en-us Thu, 02 Jan 2020 00:00:00 +0530 Wed, 21 Oct 2020 09:29:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=290888 The Tribunal dismissed the petition for the initiation of Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor, citing the existence of pre-existing disputes between the parties regarding the Charter Party Agreement. The Tribunal relied on the judgment in Mobilox Innovations Pvt. Ltd. v. Kirusa Software (P) Limited, highlighting that an application under Section 9 of the Insolvency & Bankruptcy Code should be rejected if there is a record of dispute requiring further investigation. The petition was dismissed based on the identified pre-existing disputes, as supported by meeting minutes and communications. Case-Laws Insolvency and Bankruptcy Thu, 02 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=290888