https://www.taxtmi.com/caselaws?id=297231 The petition filed by the operational creditor under Section 9 of the Insolvency and Bankruptcy Code, 2016 was dismissed by the Tribunal due to a pre-existing dispute regarding the quality/quantity of goods supplied, making the petition not maintainable. The respondent had raised objections regarding a debit note issued for quality difference, which led to accounts being settled between the parties. The Tribunal emphasized that the Code should not be used prematurely for debt enforcement and dismissed the application on grounds of maintainability, with no order as to costs. en-us Mon, 17 Feb 2020 00:00:00 +0530 Tue, 24 Aug 2021 08:12:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=297231 The petition filed by the operational creditor under Section 9 of the Insolvency and Bankruptcy Code, 2016 was dismissed by the Tribunal due to a pre-existing dispute regarding the quality/quantity of goods supplied, making the petition not maintainable. The respondent had raised objections regarding a debit note issued for quality difference, which led to accounts being settled between the parties. The Tribunal emphasized that the Code should not be used prematurely for debt enforcement and dismissed the application on grounds of maintainability, with no order as to costs. Case-Laws Insolvency and Bankruptcy Mon, 17 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=297231