https://www.taxtmi.com/caselaws?id=435451 The Tribunal upheld the decision of the Adjudicating Authority to dismiss the petition for Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. The existence of pre-existing disputes between the parties, evidenced by communications regarding defective goods, rendered the initiation of CIRP impermissible. Additionally, the Tribunal deemed the service of the Demand Notice invalid due to non-receipt and lack of proper acknowledgment of debt, as highlighted by disputed ledgers. The appeal was dismissed, affirming the original decision. en-us Mon, 20 Mar 2023 00:00:00 +0530 Tue, 21 Mar 2023 08:14:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=435451 The Tribunal upheld the decision of the Adjudicating Authority to dismiss the petition for Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. The existence of pre-existing disputes between the parties, evidenced by communications regarding defective goods, rendered the initiation of CIRP impermissible. Additionally, the Tribunal deemed the service of the Demand Notice invalid due to non-receipt and lack of proper acknowledgment of debt, as highlighted by disputed ledgers. The appeal was dismissed, affirming the original decision. Case-Laws Insolvency and Bankruptcy Mon, 20 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=435451