https://www.taxtmi.com/caselaws?id=299143 The NCLT dismissed the Petition as the debt and alleged default were not free from dispute and could not be adjudicated under the Insolvency Code. The Tribunal found evidence of a pre-existing dispute, referencing the Supreme Court's directive that a plausible contention of dispute warrants rejection of an IBC application. The case was closed, and the Petitioner was advised to pursue claims under other laws, as the current Petition did not meet IBC admission criteria. en-us Thu, 24 Jan 2019 00:00:00 +0530 Sun, 05 Dec 2021 14:39:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=299143 The NCLT dismissed the Petition as the debt and alleged default were not free from dispute and could not be adjudicated under the Insolvency Code. The Tribunal found evidence of a pre-existing dispute, referencing the Supreme Court's directive that a plausible contention of dispute warrants rejection of an IBC application. The case was closed, and the Petitioner was advised to pursue claims under other laws, as the current Petition did not meet IBC admission criteria. Case-Laws Insolvency and Bankruptcy Thu, 24 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=299143