Insolvency Process Triggered Over Unpaid Dues; Rejection Possible if Dispute Exists Per Section 9(5)(ii)(d) of IBC.

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....Corporate Insolvency Resolution Process - failure to pay dues against purchase of material - Section 9(5)(ii)(d) of the Code provides that adjudicating authority shall reject the application if notice of dispute has been received by the operational creditor or there is a record of dispute in the information utility.....