https://www.taxtmi.com/caselaws?id=417669 The Tribunal dismissed the application to initiate Corporate Insolvency Resolution Process (CIRP) under Section 9 of IBC, 2016, due to the pre-existing dispute between the parties. The existence of a dispute before the receipt of the demand notice was deemed crucial, following the precedent set by the Supreme Court in "Mobilox Innovations Pvt. Ltd. Vs. Kirusa Software (P) Limited." Therefore, the application was dismissed based on the finding of a pre-existing dispute, highlighting the significance of dispute existence prior to demand notice receipt in insolvency proceedings. en-us Wed, 19 Jan 2022 00:00:00 +0530 Sat, 29 Jan 2022 08:43:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=417669 The Tribunal dismissed the application to initiate Corporate Insolvency Resolution Process (CIRP) under Section 9 of IBC, 2016, due to the pre-existing dispute between the parties. The existence of a dispute before the receipt of the demand notice was deemed crucial, following the precedent set by the Supreme Court in "Mobilox Innovations Pvt. Ltd. Vs. Kirusa Software (P) Limited." Therefore, the application was dismissed based on the finding of a pre-existing dispute, highlighting the significance of dispute existence prior to demand notice receipt in insolvency proceedings. Case-Laws Insolvency and Bankruptcy Wed, 19 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=417669