https://www.taxtmi.com/caselaws?id=423261 The tribunal dismissed the application under section 9 of the Insolvency and Bankruptcy Code, 2016, as there was a genuine pre-existing dispute between the operational creditor and the corporate debtor regarding the quality and quantity of materials supplied. The tribunal emphasized the need to differentiate between genuine disputes and weak arguments, concluding that further investigation was necessary. Consequently, the petition was deemed not maintainable, and the tribunal ruled in favor of the corporate debtor, dismissing the petition without costs. en-us Mon, 23 May 2022 00:00:00 +0530 Fri, 03 Jun 2022 08:26:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=423261 The tribunal dismissed the application under section 9 of the Insolvency and Bankruptcy Code, 2016, as there was a genuine pre-existing dispute between the operational creditor and the corporate debtor regarding the quality and quantity of materials supplied. The tribunal emphasized the need to differentiate between genuine disputes and weak arguments, concluding that further investigation was necessary. Consequently, the petition was deemed not maintainable, and the tribunal ruled in favor of the corporate debtor, dismissing the petition without costs. Case-Laws Insolvency and Bankruptcy Mon, 23 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=423261