https://www.taxtmi.com/caselaws?id=422662 The Tribunal dismissed the appeal against the order admitting the application under Section 9 of the Insolvency & Bankruptcy Code. It found that the Corporate Debtor failed to raise a genuine pre-existing dispute before the Demand Notice, as required by legal precedents. Despite the Corporate Debtor's claims, the Tribunal deemed the arguments regarding the pre-existing dispute weak and unsupported by evidence. The appeal lacked merit and was dismissed without costs due to the absence of substantial evidence establishing a dispute prior to the Demand Notice issuance. en-us Wed, 18 May 2022 00:00:00 +0530 Thu, 15 Dec 2022 15:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=422662 The Tribunal dismissed the appeal against the order admitting the application under Section 9 of the Insolvency & Bankruptcy Code. It found that the Corporate Debtor failed to raise a genuine pre-existing dispute before the Demand Notice, as required by legal precedents. Despite the Corporate Debtor's claims, the Tribunal deemed the arguments regarding the pre-existing dispute weak and unsupported by evidence. The appeal lacked merit and was dismissed without costs due to the absence of substantial evidence establishing a dispute prior to the Demand Notice issuance. Case-Laws Insolvency and Bankruptcy Wed, 18 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=422662