https://www.taxtmi.com/caselaws?id=407976 The Adjudicating Authority dismissed the Insolvency and Bankruptcy Application filed by the Operational Creditor against the Corporate Debtor for non-payment of dues. The Authority found evidence of a pre-existing dispute between the parties, emphasizing the necessity of a genuine dispute for rejecting an insolvency application. The Corporate Debtor's contentions regarding the nature of the debt and suppression of facts were considered, leading to the dismissal of the application. The importance of a plausible contention requiring further investigation and the existence of a genuine dispute were highlighted in the decision. en-us Tue, 27 Apr 2021 00:00:00 +0530 Thu, 27 May 2021 09:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=407976 The Adjudicating Authority dismissed the Insolvency and Bankruptcy Application filed by the Operational Creditor against the Corporate Debtor for non-payment of dues. The Authority found evidence of a pre-existing dispute between the parties, emphasizing the necessity of a genuine dispute for rejecting an insolvency application. The Corporate Debtor's contentions regarding the nature of the debt and suppression of facts were considered, leading to the dismissal of the application. The importance of a plausible contention requiring further investigation and the existence of a genuine dispute were highlighted in the decision. Case-Laws Insolvency and Bankruptcy Tue, 27 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=407976