https://www.taxtmi.com/caselaws?id=298815 The Tribunal dismissed the Petition under Section 9 of the Insolvency & Bankruptcy Code, 2016, due to a pre-existing dispute regarding the claimed operational debt of Rs. 61,48,138/-. The Corporate Debtor contested the debt, citing inconsistencies in the Operational Creditor's claims and lack of clear evidence. The Tribunal found that the Operational Creditor failed to establish the debt's existence adequately, emphasizing the need for undisputed evidence. As a result, the Petition was not admitted, and the matter was directed to be closed and recorded accordingly. en-us Thu, 31 Jan 2019 00:00:00 +0530 Sun, 21 Nov 2021 19:20:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=298815 The Tribunal dismissed the Petition under Section 9 of the Insolvency & Bankruptcy Code, 2016, due to a pre-existing dispute regarding the claimed operational debt of Rs. 61,48,138/-. The Corporate Debtor contested the debt, citing inconsistencies in the Operational Creditor's claims and lack of clear evidence. The Tribunal found that the Operational Creditor failed to establish the debt's existence adequately, emphasizing the need for undisputed evidence. As a result, the Petition was not admitted, and the matter was directed to be closed and recorded accordingly. Case-Laws Insolvency and Bankruptcy Thu, 31 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=298815