https://www.taxtmi.com/caselaws?id=405660 The Tribunal dismissed the Applicant's application to initiate insolvency proceedings against the Respondent for defaulting on a debt, citing pre-existing disputes between the parties regarding the completion of work as the reason for rejection. The Tribunal found that disputes existed before the demand notice was issued, emphasizing that such disputes must predate the notice to prevent insolvency proceedings. Therefore, based on the evidence and legal principles, the application was dismissed under Section 9 of the Insolvency and Bankruptcy Code, 2016. en-us Tue, 09 Mar 2021 00:00:00 +0530 Thu, 25 Mar 2021 09:31:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=405660 The Tribunal dismissed the Applicant's application to initiate insolvency proceedings against the Respondent for defaulting on a debt, citing pre-existing disputes between the parties regarding the completion of work as the reason for rejection. The Tribunal found that disputes existed before the demand notice was issued, emphasizing that such disputes must predate the notice to prevent insolvency proceedings. Therefore, based on the evidence and legal principles, the application was dismissed under Section 9 of the Insolvency and Bankruptcy Code, 2016. Case-Laws Insolvency and Bankruptcy Tue, 09 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=405660