https://www.taxtmi.com/caselaws?id=410286 The application to initiate Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor was rejected by the Tribunal due to the existence of pre-existing disputes between the parties regarding the quality and completion of work, as evidenced by communications prior to the demand notice. The Tribunal found these disputes genuine, following the principle established in "Mobilox Innovations Private Limited Vs. Kirusa Software Private Limited." Consequently, the Corporate Debtor was deemed outside the purview of the Insolvency and Bankruptcy Code, leading to the rejection of the application under Section 9 of the Code. en-us Tue, 20 Jul 2021 00:00:00 +0530 Thu, 29 Jul 2021 10:51:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=410286 The application to initiate Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor was rejected by the Tribunal due to the existence of pre-existing disputes between the parties regarding the quality and completion of work, as evidenced by communications prior to the demand notice. The Tribunal found these disputes genuine, following the principle established in "Mobilox Innovations Private Limited Vs. Kirusa Software Private Limited." Consequently, the Corporate Debtor was deemed outside the purview of the Insolvency and Bankruptcy Code, leading to the rejection of the application under Section 9 of the Code. Case-Laws Insolvency and Bankruptcy Tue, 20 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=410286