https://www.taxtmi.com/caselaws?id=291934 The Tribunal dismissed the petition to initiate CIRP, citing the presence of disputes concerning the debt and service quality, which precluded the process under the IBC. The Tribunal underscored that IBC is not for debt recovery but for insolvency resolution. The parties were advised to resolve the matter amicably or pursue civil litigation for remedies. en-us Wed, 13 Nov 2019 00:00:00 +0530 Wed, 13 Nov 2024 12:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=291934 The Tribunal dismissed the petition to initiate CIRP, citing the presence of disputes concerning the debt and service quality, which precluded the process under the IBC. The Tribunal underscored that IBC is not for debt recovery but for insolvency resolution. The parties were advised to resolve the matter amicably or pursue civil litigation for remedies. Case-Laws IBC Wed, 13 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=291934