https://www.taxtmi.com/caselaws?id=300955 The petition for the initiation of Corporate Insolvency Resolution Process under Section 9 of the Insolvency and Bankruptcy Code was filed by the Petitioner against the Corporate Debtor for recovery of unpaid Operational Debt. The Tribunal rejected the petition as there were genuine disputes between the parties regarding delays in work execution, quality of work, and contractual matters. The Tribunal emphasized that the existence of a non-disputed debt is essential for initiating the process and concluded that the petition did not qualify for admission under Section 9 of the Insolvency and Bankruptcy Code. en-us Wed, 12 Feb 2020 00:00:00 +0530 Sat, 05 Mar 2022 07:56:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=300955 The petition for the initiation of Corporate Insolvency Resolution Process under Section 9 of the Insolvency and Bankruptcy Code was filed by the Petitioner against the Corporate Debtor for recovery of unpaid Operational Debt. The Tribunal rejected the petition as there were genuine disputes between the parties regarding delays in work execution, quality of work, and contractual matters. The Tribunal emphasized that the existence of a non-disputed debt is essential for initiating the process and concluded that the petition did not qualify for admission under Section 9 of the Insolvency and Bankruptcy Code. Case-Laws Insolvency and Bankruptcy Wed, 12 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=300955