https://www.taxtmi.com/caselaws?id=426819 The application under Section 9 of the IBC for initiation of Corporate Insolvency Resolution Process due to default in payment of operational debt was rejected. The Tribunal found that the disputes raised by the Corporate Debtor regarding the debt amount, quality of goods, and alleged coercion in obtaining signatures warranted further investigation and could not be conclusively resolved at that stage. The Tribunal emphasized the need for a thorough inquiry by the Competent Authority/Court, leading to the rejection of the application without imposing costs. en-us Mon, 01 Aug 2022 00:00:00 +0530 Fri, 26 Aug 2022 08:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=426819 The application under Section 9 of the IBC for initiation of Corporate Insolvency Resolution Process due to default in payment of operational debt was rejected. The Tribunal found that the disputes raised by the Corporate Debtor regarding the debt amount, quality of goods, and alleged coercion in obtaining signatures warranted further investigation and could not be conclusively resolved at that stage. The Tribunal emphasized the need for a thorough inquiry by the Competent Authority/Court, leading to the rejection of the application without imposing costs. Case-Laws Insolvency and Bankruptcy Mon, 01 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=426819