The appeal was filed by the Operational Creditor against an order of the Adjudicating Authority dated October 10, 2018, which rejected their application under Section 9 of the I&B Code on the ground of a pre-existing dispute.
Rishabnath Infrastructure (P) Ltd., the Appellant and Operational Creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code (I&B Code) against GTM Builders & Promoters Pvt. Ltd., the Corporate Debtor. The Adjudicating Authority, vide an order dated October 10, 2018, rejected this application, citing the existence of a pre-existing dispute between the parties. During the proceedings on November 30, 2018, the Appellant's counsel contended that there was no dispute concerning Bill Nos. 24 and 25, dated December 17, 2016, and March 22, 2017, respectively. These bills were central to the application filed under Section 9 of the I&B Code, implying that the debt related to these specific invoices was undisputed. Conversely,
…Sign in to view the parties.
An email was sent by Tushar Kumar to Sandeep…
Bill No. 24, which was a subject matter of the…
The appeal was filed by the Operational Creditor against an order of the Adjudicating Authority dated October 10, 2018, which rejected their application under Section 9 of the I&B Code on the ground of a pre-existing dispute.
Rishabnath Infrastructure (P) Ltd., the Appellant and Operational Creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code (I&B Code) against GTM Builders & Promoters Pvt. Ltd., the Corporate Debtor. The Adjudicating Authority, vide an order dated October 10, 2018, rejected this application, citing the existence of a pre-existing dispute between the parties. During the proceedings on November 30, 2018, the Appellant's counsel contended that there was no dispute concerning Bill Nos. 24 and 25, dated December 17, 2016, and March 22, 2017, respectively. These bills were central to the application filed under Section 9 of the I&B Code, implying that the debt related to these specific invoices was undisputed. Conversely,
…An email was sent by Tushar Kumar to Sandeep…
Bill No. 24, which was a subject matter of the…