https://www.taxtmi.com/caselaws?id=291302 The National Company Law Tribunal Division Bench in Chennai dismissed an Insolvency and Bankruptcy Application filed by an Operational Creditor against a Corporate Debtor due to a genuine dispute over the claim amount and services provided. The Tribunal found discrepancies in the amount claimed and services rendered, noting that the Operational Creditor had terminated services prematurely, leading to disagreements on payment. The judgment emphasized that the claim amount was disputed under the Insolvency and Bankruptcy Code, ultimately resulting in the dismissal of the application. en-us Mon, 23 Dec 2019 00:00:00 +0530 Fri, 19 Mar 2021 15:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=291302 The National Company Law Tribunal Division Bench in Chennai dismissed an Insolvency and Bankruptcy Application filed by an Operational Creditor against a Corporate Debtor due to a genuine dispute over the claim amount and services provided. The Tribunal found discrepancies in the amount claimed and services rendered, noting that the Operational Creditor had terminated services prematurely, leading to disagreements on payment. The judgment emphasized that the claim amount was disputed under the Insolvency and Bankruptcy Code, ultimately resulting in the dismissal of the application. Case-Laws Insolvency and Bankruptcy Mon, 23 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=291302