https://www.taxtmi.com/caselaws?id=411828 The Tribunal dismissed the petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, filed by an Operational Creditor against a Corporate Debtor for initiating the Corporate Insolvency Resolution Process. The dispute arose from non-payment of dues related to High Seas Sale Agreements for edible oils. The Tribunal found a pre-existing dispute between the parties, highlighted by an Arbitral Award dismissing the claim due to quality issues with the goods supplied. As a result, the petition was dismissed, relieving the Corporate Debtor from the provisions of the Insolvency and Bankruptcy Code. en-us Wed, 18 Aug 2021 00:00:00 +0530 Sat, 04 Sep 2021 08:29:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=411828 The Tribunal dismissed the petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, filed by an Operational Creditor against a Corporate Debtor for initiating the Corporate Insolvency Resolution Process. The dispute arose from non-payment of dues related to High Seas Sale Agreements for edible oils. The Tribunal found a pre-existing dispute between the parties, highlighted by an Arbitral Award dismissing the claim due to quality issues with the goods supplied. As a result, the petition was dismissed, relieving the Corporate Debtor from the provisions of the Insolvency and Bankruptcy Code. Case-Laws Insolvency and Bankruptcy Wed, 18 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=411828