https://www.taxtmi.com/caselaws?id=402920 The Tribunal dismissed the application for Corporate Insolvency Resolution Process under Section 9 of the Insolvency and Bankruptcy Code 2016 due to the evidence of a pre-existing dispute between the trading firm Applicant and the textile manufacturing company Respondent regarding the quality of goods supplied. The parties had ongoing negotiations to resolve the outstanding debt, leading to the rejection of the application without imposing costs on the Applicant. en-us Thu, 24 Dec 2020 00:00:00 +0530 Fri, 15 Jan 2021 11:05:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=402920 The Tribunal dismissed the application for Corporate Insolvency Resolution Process under Section 9 of the Insolvency and Bankruptcy Code 2016 due to the evidence of a pre-existing dispute between the trading firm Applicant and the textile manufacturing company Respondent regarding the quality of goods supplied. The parties had ongoing negotiations to resolve the outstanding debt, leading to the rejection of the application without imposing costs on the Applicant. Case-Laws Insolvency and Bankruptcy Thu, 24 Dec 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=402920