https://www.taxtmi.com/caselaws?id=290922 A Section 9 IBC petition was not taken to CIRP because the operational creditor's services were not disputed, but the invoices, limitation and pre-existing dispute objections, and the need for reconciliation meant the claim required further consideration. The Tribunal treated the proceedings as summary in nature and declined to decide disputed factual issues at that stage. Noting that the corporate debtor was a financially stable going concern and that immediate insolvency action could have serious civil consequences, it directed the creditor to file the claim with supporting evidence, required the debtor to consider it and issue a speaking order, and left liberty to file a fresh petition if aggrieved. en-us Fri, 24 Jan 2020 00:00:00 +0530 Thu, 22 Oct 2020 09:31:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=290922 A Section 9 IBC petition was not taken to CIRP because the operational creditor's services were not disputed, but the invoices, limitation and pre-existing dispute objections, and the need for reconciliation meant the claim required further consideration. The Tribunal treated the proceedings as summary in nature and declined to decide disputed factual issues at that stage. Noting that the corporate debtor was a financially stable going concern and that immediate insolvency action could have serious civil consequences, it directed the creditor to file the claim with supporting evidence, required the debtor to consider it and issue a speaking order, and left liberty to file a fresh petition if aggrieved. Case-Laws Insolvency and Bankruptcy Fri, 24 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=290922