https://www.taxtmi.com/caselaws?id=429254 A Section 9 insolvency application cannot be used where a genuine pre-existing dispute existed before the demand notice. Prior correspondence, legal notice, a criminal complaint, and objections to the supply claim and the appellant's authority to deal in the branded products showed that the dispute had already surfaced. Applying the settled principle under the Insolvency and Bankruptcy Code, the Tribunal held that summary insolvency proceedings are not the forum for resolving contested claims. The application was therefore rightly rejected, and the dismissal of the insolvency petition was sustained. en-us Thu, 20 Oct 2022 00:00:00 +0530 Fri, 21 Oct 2022 07:25:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=429254 A Section 9 insolvency application cannot be used where a genuine pre-existing dispute existed before the demand notice. Prior correspondence, legal notice, a criminal complaint, and objections to the supply claim and the appellant's authority to deal in the branded products showed that the dispute had already surfaced. Applying the settled principle under the Insolvency and Bankruptcy Code, the Tribunal held that summary insolvency proceedings are not the forum for resolving contested claims. The application was therefore rightly rejected, and the dismissal of the insolvency petition was sustained. Case-Laws Insolvency and Bankruptcy Thu, 20 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=429254