https://www.taxtmi.com/caselaws?id=417953 The Tribunal dismissed the application to initiate the Corporate Insolvency Resolution Process against the Corporate Debtor, citing a pre-existing dispute over returned goods and rejection based on the Dead on Arrival (DoA) policy of HTC. The Corporate Debtor's attempt to evade payment by corresponding with the manufacturer was deemed unjustified, as authorized dealers had no direct transactions with the manufacturer. The settlement of all claims with the Corporate Debtor by another entity further supported the decision to rule the application as not maintainable. en-us Thu, 20 Jan 2022 00:00:00 +0530 Sat, 05 Feb 2022 08:25:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=417953 The Tribunal dismissed the application to initiate the Corporate Insolvency Resolution Process against the Corporate Debtor, citing a pre-existing dispute over returned goods and rejection based on the Dead on Arrival (DoA) policy of HTC. The Corporate Debtor's attempt to evade payment by corresponding with the manufacturer was deemed unjustified, as authorized dealers had no direct transactions with the manufacturer. The settlement of all claims with the Corporate Debtor by another entity further supported the decision to rule the application as not maintainable. Case-Laws Insolvency and Bankruptcy Thu, 20 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=417953