https://www.taxtmi.com/caselaws?id=407514 An insolvency petition under the Insolvency and Bankruptcy Code, 2016 was held not maintainable where the record showed a pre-existing dispute between the operational creditor and the corporate debtor before the statutory demand notice. Correspondence, WhatsApp messages and e-mails exchanged earlier reflected disagreement over the rates charged and allegations of excess billing, and the corporate debtor also raised objections in reply to the demand notice. On these facts, the dispute was found to have existed before service of the Section 8 notice, so the petition failed on maintainability. en-us Mon, 03 May 2021 00:00:00 +0530 Thu, 13 May 2021 08:28:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=407514 An insolvency petition under the Insolvency and Bankruptcy Code, 2016 was held not maintainable where the record showed a pre-existing dispute between the operational creditor and the corporate debtor before the statutory demand notice. Correspondence, WhatsApp messages and e-mails exchanged earlier reflected disagreement over the rates charged and allegations of excess billing, and the corporate debtor also raised objections in reply to the demand notice. On these facts, the dispute was found to have existed before service of the Section 8 notice, so the petition failed on maintainability. Case-Laws Insolvency and Bankruptcy Mon, 03 May 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=407514