https://www.taxtmi.com/caselaws?id=406612 The tribunal determined that the operational creditor did not provide a valid demand notice under Section 8 of the Insolvency and Bankruptcy Code (IBC). Additionally, the corporate debtor demonstrated the presence of a pre-existing dispute prior to the notice. Consequently, the application under Section 9 of the IBC was considered incomplete and was dismissed. The tribunal emphasized the IBC's purpose of resolving insolvency rather than solely recovering debts. en-us Wed, 07 Apr 2021 00:00:00 +0530 Mon, 19 Apr 2021 20:33:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=406612 The tribunal determined that the operational creditor did not provide a valid demand notice under Section 8 of the Insolvency and Bankruptcy Code (IBC). Additionally, the corporate debtor demonstrated the presence of a pre-existing dispute prior to the notice. Consequently, the application under Section 9 of the IBC was considered incomplete and was dismissed. The tribunal emphasized the IBC's purpose of resolving insolvency rather than solely recovering debts. Case-Laws Insolvency and Bankruptcy Wed, 07 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=406612