https://www.taxtmi.com/caselaws?id=292136 The Tribunal dismissed the application seeking initiation of Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor. The Tribunal found that the Corporate Debtor had shown good faith by releasing payments for admitted debt portions and issuing stop payment instructions for disputed amounts due to incomplete snag works. Due to a genuine dispute and adherence to FIDIC conditions, the petition was dismissed without cost. en-us Tue, 26 Nov 2019 00:00:00 +0530 Tue, 08 Dec 2020 10:17:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=292136 The Tribunal dismissed the application seeking initiation of Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor. The Tribunal found that the Corporate Debtor had shown good faith by releasing payments for admitted debt portions and issuing stop payment instructions for disputed amounts due to incomplete snag works. Due to a genuine dispute and adherence to FIDIC conditions, the petition was dismissed without cost. Case-Laws Insolvency and Bankruptcy Tue, 26 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=292136