https://www.taxtmi.com/caselaws?id=293004 The Tribunal dismissed the Operational Creditor's application to initiate Corporate Insolvency Resolution Process against the Corporate Debtor due to the existence of a pre-existing dispute between the parties, as confirmed by ongoing litigation and financial implications. The Tribunal found the Operational Creditor's affidavit to be false for not disclosing the notice of dispute received from the Corporate Debtor, leading to the application's dismissal with costs imposed. en-us Tue, 03 Apr 2018 00:00:00 +0530 Mon, 18 Jan 2021 21:37:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=293004 The Tribunal dismissed the Operational Creditor's application to initiate Corporate Insolvency Resolution Process against the Corporate Debtor due to the existence of a pre-existing dispute between the parties, as confirmed by ongoing litigation and financial implications. The Tribunal found the Operational Creditor's affidavit to be false for not disclosing the notice of dispute received from the Corporate Debtor, leading to the application's dismissal with costs imposed. Case-Laws Insolvency and Bankruptcy Tue, 03 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=293004