https://www.taxtmi.com/caselaws?id=422495 The Tribunal rejected the application for initiating Corporate Insolvency Resolution Process (CIRP) against the corporate debtor due to the genuine dispute regarding liability for demurrage and detention charges. The application was found to be in violation of the statutory demand notice requirements and was therefore not admitted. The Tribunal instructed communication of the order to the parties and updating of the Master Data with the Registrar of Companies (ROC). en-us Fri, 29 Apr 2022 00:00:00 +0530 Mon, 16 May 2022 10:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=422495 The Tribunal rejected the application for initiating Corporate Insolvency Resolution Process (CIRP) against the corporate debtor due to the genuine dispute regarding liability for demurrage and detention charges. The application was found to be in violation of the statutory demand notice requirements and was therefore not admitted. The Tribunal instructed communication of the order to the parties and updating of the Master Data with the Registrar of Companies (ROC). Case-Laws Insolvency and Bankruptcy Fri, 29 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=422495