https://www.taxtmi.com/caselaws?id=442685 The Tribunal dismissed the appeal challenging the Impugned Order that rejected the Section 9 Application under the Insolvency and Bankruptcy Code, 2016. It held that a pre-existing dispute existed between the parties regarding withheld payment for project delays, citing 'Mobilox Innovations Pvt. Ltd. Vs. Kirusa Software Pvt. Ltd.' The Tribunal emphasized that commercial solvency of the Respondent was not a determining factor for admitting the petition, following 'Swiss Ribbons Pvt. Ltd. & Anr. Vs. Union of India & Anr.' The appeal was dismissed, and pending applications were closed. en-us Mon, 04 Sep 2023 00:00:00 +0530 Wed, 06 Sep 2023 16:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=442685 The Tribunal dismissed the appeal challenging the Impugned Order that rejected the Section 9 Application under the Insolvency and Bankruptcy Code, 2016. It held that a pre-existing dispute existed between the parties regarding withheld payment for project delays, citing 'Mobilox Innovations Pvt. Ltd. Vs. Kirusa Software Pvt. Ltd.' The Tribunal emphasized that commercial solvency of the Respondent was not a determining factor for admitting the petition, following 'Swiss Ribbons Pvt. Ltd. & Anr. Vs. Union of India & Anr.' The appeal was dismissed, and pending applications were closed. Case-Laws Insolvency and Bankruptcy Mon, 04 Sep 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=442685