https://www.taxtmi.com/caselaws?id=412340 The Tribunal dismissed the petition for the initiation of Corporate Insolvency Resolution Process under Section 9 of the Insolvency and Bankruptcy Code, 2016. The decision was based on the pre-existing disputes between the parties, discrepancies in the debt amount claimed, and evidence showing that most bookings were not made through the Operational Creditor. The Tribunal found that no brokerage was payable for units booked through other sources, leading to the dismissal of the petition due to lack of clarity and the presence of a genuine dispute raised by the Corporate Debtor. en-us Fri, 13 Aug 2021 00:00:00 +0530 Thu, 16 Sep 2021 09:04:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=412340 The Tribunal dismissed the petition for the initiation of Corporate Insolvency Resolution Process under Section 9 of the Insolvency and Bankruptcy Code, 2016. The decision was based on the pre-existing disputes between the parties, discrepancies in the debt amount claimed, and evidence showing that most bookings were not made through the Operational Creditor. The Tribunal found that no brokerage was payable for units booked through other sources, leading to the dismissal of the petition due to lack of clarity and the presence of a genuine dispute raised by the Corporate Debtor. Case-Laws Insolvency and Bankruptcy Fri, 13 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=412340