https://www.taxtmi.com/caselaws?id=439221 The Court allowed the appeal, overturning the National Company Law Appellate Tribunal's decision to initiate insolvency proceedings under Section 62 of the Insolvency and Bankruptcy Code, 2016. The Court found that a genuine dispute existed regarding the amount claimed by the respondent as an operational debtor, based on invoices from October 2012. The appellants' contention that the amount was disputed was upheld, leading to the dismissal of the application under Section 9 of the IBC. The respondent was granted the right to pursue the disputed sum through appropriate legal channels. en-us Tue, 07 Feb 2023 00:00:00 +0530 Tue, 20 Jun 2023 10:08:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=439221 The Court allowed the appeal, overturning the National Company Law Appellate Tribunal's decision to initiate insolvency proceedings under Section 62 of the Insolvency and Bankruptcy Code, 2016. The Court found that a genuine dispute existed regarding the amount claimed by the respondent as an operational debtor, based on invoices from October 2012. The appellants' contention that the amount was disputed was upheld, leading to the dismissal of the application under Section 9 of the IBC. The respondent was granted the right to pursue the disputed sum through appropriate legal channels. Case-Laws Insolvency and Bankruptcy Tue, 07 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=439221