https://www.taxtmi.com/caselaws?id=785332 Pre-existing dispute raised by the corporate debtor in response to a demand notice was treated as a bona fide factual defence supported by documentary material; because the adjudicating authority relied on that reply, the insolvency petition by the operational creditor was rejected. The Tribunal upheld that where a corporate debtor establishes a valid dispute arising before the petition, the adjudicating authority is obliged to dismiss the petition, and such dismissal does not bar the creditor from pursuing its claims by other lawful means. A directors contrary letter does not automatically negate a dispute if the reply to the demand notice is substantiated. en-us Fri, 16 Jan 2026 00:00:00 +0530 Thu, 22 Jan 2026 08:41:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=785332 Pre-existing dispute raised by the corporate debtor in response to a demand notice was treated as a bona fide factual defence supported by documentary material; because the adjudicating authority relied on that reply, the insolvency petition by the operational creditor was rejected. The Tribunal upheld that where a corporate debtor establishes a valid dispute arising before the petition, the adjudicating authority is obliged to dismiss the petition, and such dismissal does not bar the creditor from pursuing its claims by other lawful means. A directors contrary letter does not automatically negate a dispute if the reply to the demand notice is substantiated. Case-Laws IBC Fri, 16 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=785332