https://www.taxtmi.com/caselaws?id=427801 The Tribunal rejected the petition to initiate Corporate Insolvency Resolution Process (CIRP) as substantial pre-existing disputes required adjudication by a competent court. The Demand Notice did not meet the requirements under Section 8 of the Insolvency and Bankruptcy Code, 2016, due to the presence of disputes raised before its issuance. The relationship between the parties and misrepresentation claims needed further evidentiary adjudication. The petition was deemed not maintainable, and the Operational Creditor was advised to seek other legal remedies. en-us Mon, 12 Sep 2022 00:00:00 +0530 Sat, 17 Sep 2022 07:57:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=427801 The Tribunal rejected the petition to initiate Corporate Insolvency Resolution Process (CIRP) as substantial pre-existing disputes required adjudication by a competent court. The Demand Notice did not meet the requirements under Section 8 of the Insolvency and Bankruptcy Code, 2016, due to the presence of disputes raised before its issuance. The relationship between the parties and misrepresentation claims needed further evidentiary adjudication. The petition was deemed not maintainable, and the Operational Creditor was advised to seek other legal remedies. Case-Laws Insolvency and Bankruptcy Mon, 12 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=427801