https://www.taxtmi.com/caselaws?id=417846 The appeal under Section 61 of the Insolvency and Bankruptcy Code, 2016, concerning unpaid operational debt of Rs. 78,22,421 was dismissed by the Tribunal. The Adjudicating Authority's decision was upheld, emphasizing genuine disputes and contractual obligations between the parties. The Tribunal ruled that the Code cannot be invoked in the presence of real disputes, highlighting the importance of resolving such issues outside the insolvency framework. No costs were awarded, and the appeal was dismissed. en-us Mon, 31 Jan 2022 00:00:00 +0530 Thu, 03 Feb 2022 07:34:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=417846 The appeal under Section 61 of the Insolvency and Bankruptcy Code, 2016, concerning unpaid operational debt of Rs. 78,22,421 was dismissed by the Tribunal. The Adjudicating Authority's decision was upheld, emphasizing genuine disputes and contractual obligations between the parties. The Tribunal ruled that the Code cannot be invoked in the presence of real disputes, highlighting the importance of resolving such issues outside the insolvency framework. No costs were awarded, and the appeal was dismissed. Case-Laws Insolvency and Bankruptcy Mon, 31 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=417846