https://www.taxtmi.com/caselaws?id=291644 The Tribunal dismissed the petition filed by the Operational Creditor against the Corporate Debtor for a running royalty amount due to the existence of a dispute between the parties prior to the petition, as evidenced by legal proceedings initiated in the High Court of Judicature at Madras. The High Court refused to grant interim reliefs and declined to interfere, leading to the Tribunal's decision in line with the Supreme Court's interpretation of the law under the IBC, 2016, citing the case of Mobilox Innovations Private Ltd. v. Kirusa Software Private Ltd. en-us Mon, 09 Dec 2019 00:00:00 +0530 Fri, 20 Nov 2020 12:08:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=291644 The Tribunal dismissed the petition filed by the Operational Creditor against the Corporate Debtor for a running royalty amount due to the existence of a dispute between the parties prior to the petition, as evidenced by legal proceedings initiated in the High Court of Judicature at Madras. The High Court refused to grant interim reliefs and declined to interfere, leading to the Tribunal's decision in line with the Supreme Court's interpretation of the law under the IBC, 2016, citing the case of Mobilox Innovations Private Ltd. v. Kirusa Software Private Ltd. Case-Laws Insolvency and Bankruptcy Mon, 09 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=291644