https://www.taxtmi.com/caselaws?id=408126 The Tribunal dismissed the application for corporate insolvency resolution under Section 9 of the Insolvency and Bankruptcy Code due to the existence of pre-existing disputes between the parties regarding the invoices mentioned in the application. The corporate debtor disputed the amount claimed, alleging discrepancies in the invoices and maintaining that they were issued to a different firm. The Tribunal emphasized that disputes must precede the demand notice, leading to the rejection of the application and highlighting the importance of resolving disputes before initiating insolvency proceedings for equitable outcomes. en-us Thu, 01 Apr 2021 00:00:00 +0530 Tue, 01 Jun 2021 12:51:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=408126 The Tribunal dismissed the application for corporate insolvency resolution under Section 9 of the Insolvency and Bankruptcy Code due to the existence of pre-existing disputes between the parties regarding the invoices mentioned in the application. The corporate debtor disputed the amount claimed, alleging discrepancies in the invoices and maintaining that they were issued to a different firm. The Tribunal emphasized that disputes must precede the demand notice, leading to the rejection of the application and highlighting the importance of resolving disputes before initiating insolvency proceedings for equitable outcomes. Case-Laws Insolvency and Bankruptcy Thu, 01 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=408126