https://www.taxtmi.com/caselaws?id=435689 The Adjudicating Authority dismissed the Section 9 application filed by the Operational Creditor due to a pre-existing dispute regarding the outstanding amount and quality of goods and services. The Corporate Debtor had raised valid disputes acknowledged in the reply to the demand notice. The reconciliation of accounts was deemed necessary before any default could be established. The Adjudicating Authority found that the issues raised constituted pre-existing disputes, leading to the dismissal of the application in line with the Supreme Court's precedent in Mobilox Innovations Pvt. Ltd. Vs. Kirusa Software Private Limited. en-us Thu, 23 Mar 2023 00:00:00 +0530 Fri, 24 Mar 2023 10:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=435689 The Adjudicating Authority dismissed the Section 9 application filed by the Operational Creditor due to a pre-existing dispute regarding the outstanding amount and quality of goods and services. The Corporate Debtor had raised valid disputes acknowledged in the reply to the demand notice. The reconciliation of accounts was deemed necessary before any default could be established. The Adjudicating Authority found that the issues raised constituted pre-existing disputes, leading to the dismissal of the application in line with the Supreme Court's precedent in Mobilox Innovations Pvt. Ltd. Vs. Kirusa Software Private Limited. Case-Laws Insolvency and Bankruptcy Thu, 23 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=435689