https://www.taxtmi.com/highlights?id=69618 Initiation of CIRP - NCLT admitted the application - Operational Creditors - The tone and tenor of these protracted correspondences clearly manifest existence of dispute prior to the date of Section 8 demand notice on 16.09.2019 - these disputes were raised much before the issue of the issue of Demand Notice. For such disputed operational debt, Section 9 proceeding under IBC cannot be initiated at the instance of the Operational Creditor. - AT en-us Sat, 06 May 2023 10:08:44 +0530 Sat, 06 May 2023 10:08:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=69618 Initiation of CIRP - NCLT admitted the application - Operational Creditors - The tone and tenor of these protracted correspondences clearly manifest existence of dispute prior to the date of Section 8 demand notice on 16.09.2019 - these disputes were raised much before the issue of the issue of Demand Notice. For such disputed operational debt, Section 9 proceeding under IBC cannot be initiated at the instance of the Operational Creditor. - AT Highlights Insolvency and Bankruptcy Sat, 06 May 2023 10:08:44 +0530 https://www.taxtmi.com/highlights?id=69618