https://www.taxtmi.com/caselaws?id=407234 Operational Creditors filed an application under Section 9 of the Insolvency and Bankruptcy Code against the Corporate Debtor for non-payment. The Tribunal found a genuine preexisting dispute between the parties, as required by law, regarding the quality of materials supplied. Relying on the Supreme Court precedent, the Tribunal dismissed the application, deeming the Corporate Debtor's defense valid. The application was rejected, with no costs awarded. en-us Wed, 21 Apr 2021 00:00:00 +0530 Tue, 04 May 2021 08:53:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=407234 Operational Creditors filed an application under Section 9 of the Insolvency and Bankruptcy Code against the Corporate Debtor for non-payment. The Tribunal found a genuine preexisting dispute between the parties, as required by law, regarding the quality of materials supplied. Relying on the Supreme Court precedent, the Tribunal dismissed the application, deeming the Corporate Debtor's defense valid. The application was rejected, with no costs awarded. Case-Laws Insolvency and Bankruptcy Wed, 21 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=407234