https://www.taxtmi.com/caselaws?id=408153 The Tribunal rejected the petition for initiation of Corporate Insolvency Resolution Process under Section 9 of IBC 2016, citing the existence of a genuine dispute between the parties regarding the outstanding dues for work done on the building's floors. The respondent's objections, including lack of specific invoice demand notice and disputes over the claim, were considered valid. The Tribunal emphasized the need for notice of dispute as per Section 9(5)(ii)(d) of the Code, leading to the dismissal of the petition without prejudice to the petitioner's rights in other forums. en-us Thu, 01 Apr 2021 00:00:00 +0530 Wed, 02 Jun 2021 08:39:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=408153 The Tribunal rejected the petition for initiation of Corporate Insolvency Resolution Process under Section 9 of IBC 2016, citing the existence of a genuine dispute between the parties regarding the outstanding dues for work done on the building's floors. The respondent's objections, including lack of specific invoice demand notice and disputes over the claim, were considered valid. The Tribunal emphasized the need for notice of dispute as per Section 9(5)(ii)(d) of the Code, leading to the dismissal of the petition without prejudice to the petitioner's rights in other forums. Case-Laws Insolvency and Bankruptcy Thu, 01 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=408153