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2020 (3) TMI 663 - NATIONAL COMPANY LAW TRIBUNAL, AHMEDABADMaintainability of application - initiation of CIRP - Corporate Debtor failed to make repayment of its debt - existence of debt and dispute or not - HELD THAT:- This application filed by the Petitioner under section 9 of the Insolvency & Bankruptcy Code, 2016 is Rejected on the ground that - (i) the Petitioner(Buyer) has failed to submit C-Form to the Respondent(Seller) in time as per the terms of the Letter of Award, dated. 29.05.2015. (ii) the amount claimed in the Petition is the VAT amount, which has already been collected from the Petitioner and deposited with the Government by the Respondent for want of C-Form within the time period stipulated in the Letter of Award. The Respondent is hereby directed to co-operate with the Applicant and both the Applicant and Respondent may take-up the matter with the respective Department of the Government for refund, if otherwise amount is refundable and as per Law. Petition disposed off.
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