https://www.taxtmi.com/caselaws?id=298635 The court rejected the initiation of Corporate Insolvency Resolution Process against the respondent-corporate debtor due to a pre-existing dispute regarding full and final settlement and the adjustment of the retention amount. The bench found that the respondent had established the existence of a prior dispute not disclosed by the petitioner, making resolution through insolvency inappropriate. Consequently, the petition for insolvency resolution was rejected, and the file was consigned to the Record Room. en-us Thu, 30 Jan 2020 00:00:00 +0530 Sat, 13 Nov 2021 20:27:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=298635 The court rejected the initiation of Corporate Insolvency Resolution Process against the respondent-corporate debtor due to a pre-existing dispute regarding full and final settlement and the adjustment of the retention amount. The bench found that the respondent had established the existence of a prior dispute not disclosed by the petitioner, making resolution through insolvency inappropriate. Consequently, the petition for insolvency resolution was rejected, and the file was consigned to the Record Room. Case-Laws Insolvency and Bankruptcy Thu, 30 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=298635