https://www.taxtmi.com/caselaws?id=418312 The Tribunal dismissed the petition to initiate Corporate Insolvency Resolution Process (CIRP) filed by the Operational Creditor against the Corporate Debtor. It was found that the Corporate Debtor had paid the entire amount due, refuting the Operational Creditor's claim of adjusting payments towards another entity's liabilities. The Tribunal highlighted its inability to delve into disputed issues without substantial evidence in a summary procedure under the Insolvency and Bankruptcy Code, 2016. en-us Tue, 01 Feb 2022 00:00:00 +0530 Mon, 14 Feb 2022 07:18:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=418312 The Tribunal dismissed the petition to initiate Corporate Insolvency Resolution Process (CIRP) filed by the Operational Creditor against the Corporate Debtor. It was found that the Corporate Debtor had paid the entire amount due, refuting the Operational Creditor's claim of adjusting payments towards another entity's liabilities. The Tribunal highlighted its inability to delve into disputed issues without substantial evidence in a summary procedure under the Insolvency and Bankruptcy Code, 2016. Case-Laws Insolvency and Bankruptcy Tue, 01 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=418312