https://www.taxtmi.com/caselaws?id=415421 The Petition filed under section 9 of the IBC was dismissed by the Tribunal. The dismissal was based on the presence of a pre-existing dispute between the parties, unresolved issues regarding the quality of work and defects liability, misuse of the IBC for debt recovery rather than addressing financial distress, and evidence showing ongoing disputes despite certification of bills. The Tribunal emphasized the need for a genuine dispute to reject the Petition, citing relevant case law. en-us Fri, 29 Oct 2021 00:00:00 +0530 Sat, 04 Dec 2021 17:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=415421 The Petition filed under section 9 of the IBC was dismissed by the Tribunal. The dismissal was based on the presence of a pre-existing dispute between the parties, unresolved issues regarding the quality of work and defects liability, misuse of the IBC for debt recovery rather than addressing financial distress, and evidence showing ongoing disputes despite certification of bills. The Tribunal emphasized the need for a genuine dispute to reject the Petition, citing relevant case law. Case-Laws Insolvency and Bankruptcy Fri, 29 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=415421