https://www.taxtmi.com/caselaws?id=292001 The National Company Law Tribunal Bengaluru Bench dismissed the appellant's application under Section 9 of the Insolvency and Bankruptcy Code, 2016 due to pending suits related to money claims involving the respondent. The Tribunal upheld the decision, emphasizing the necessity to reject such applications when disputes are pending between the parties, in line with legal provisions and Supreme Court precedent. The appeal was dismissed without costs, reaffirming that the existence of pending suits warrants the rejection of insolvency applications under the Code. en-us Wed, 14 Mar 2018 00:00:00 +0530 Thu, 03 Dec 2020 19:31:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=292001 The National Company Law Tribunal Bengaluru Bench dismissed the appellant's application under Section 9 of the Insolvency and Bankruptcy Code, 2016 due to pending suits related to money claims involving the respondent. The Tribunal upheld the decision, emphasizing the necessity to reject such applications when disputes are pending between the parties, in line with legal provisions and Supreme Court precedent. The appeal was dismissed without costs, reaffirming that the existence of pending suits warrants the rejection of insolvency applications under the Code. Case-Laws Insolvency and Bankruptcy Wed, 14 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=292001