https://www.taxtmi.com/caselaws?id=400093 The Appellate Tribunal allowed the appeal filed by the Director of the Corporate Debtor, quashing the Adjudicating Authority's order admitting the application under Section 9 of the Insolvency and Bankruptcy Code, 2016. The Tribunal found that a pre-existing dispute existed between the parties at the time of issuing the Demand Notice under Section 8, emphasizing that detailed fact-finding akin to a trial was not appropriate for the summary proceedings under the IBC. Consequently, the Operational Creditor's application under Section 9 of IBC was dismissed. en-us Fri, 09 Oct 2020 00:00:00 +0530 Wed, 28 Oct 2020 09:21:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=400093 The Appellate Tribunal allowed the appeal filed by the Director of the Corporate Debtor, quashing the Adjudicating Authority's order admitting the application under Section 9 of the Insolvency and Bankruptcy Code, 2016. The Tribunal found that a pre-existing dispute existed between the parties at the time of issuing the Demand Notice under Section 8, emphasizing that detailed fact-finding akin to a trial was not appropriate for the summary proceedings under the IBC. Consequently, the Operational Creditor's application under Section 9 of IBC was dismissed. Case-Laws Insolvency and Bankruptcy Fri, 09 Oct 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=400093