https://www.taxtmi.com/caselaws?id=291017 The Tribunal rejected the application for initiation of Corporate Insolvency Resolution Process (CIRP) under Section 9 of the Insolvency and Bankruptcy Code, 2016, as the dispute raised by the corporate debtor was found to be plausible and required further investigation. The application was rejected under Section 9(5)(ii)(d) of the Code, emphasizing that the discussion was limited to the determination of the issue of admission under Section 9 and not on the merits of the claim for debt due. Consequently, CP(IB) No. 295/Chd/Pb/2018 was rejected. en-us Mon, 20 Jan 2020 00:00:00 +0530 Sat, 24 Oct 2020 13:05:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=291017 The Tribunal rejected the application for initiation of Corporate Insolvency Resolution Process (CIRP) under Section 9 of the Insolvency and Bankruptcy Code, 2016, as the dispute raised by the corporate debtor was found to be plausible and required further investigation. The application was rejected under Section 9(5)(ii)(d) of the Code, emphasizing that the discussion was limited to the determination of the issue of admission under Section 9 and not on the merits of the claim for debt due. Consequently, CP(IB) No. 295/Chd/Pb/2018 was rejected. Case-Laws Insolvency and Bankruptcy Mon, 20 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=291017