https://www.taxtmi.com/caselaws?id=404232 The Tribunal upheld the Adjudicating Authority's decision to reject the application under Section 9 of the IBC due to the existence of a genuine pre-existing dispute between the parties. The appeal was dismissed, emphasizing that the IBC is not meant for debt recovery but for insolvency resolution, and should not be misused to recover disputed amounts. en-us Mon, 15 Feb 2021 00:00:00 +0530 Mon, 15 Nov 2021 12:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=404232 The Tribunal upheld the Adjudicating Authority's decision to reject the application under Section 9 of the IBC due to the existence of a genuine pre-existing dispute between the parties. The appeal was dismissed, emphasizing that the IBC is not meant for debt recovery but for insolvency resolution, and should not be misused to recover disputed amounts. Case-Laws Insolvency and Bankruptcy Mon, 15 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=404232