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2019 (12) TMI 1407 - Tri - Insolvency and BankruptcyMaintainability of application - initiation of CIRP - Corporate Debtor failed to make repayment of its debt - existence of debt and dispute or not - HELD THAT:- The Operational Creditor themselves have filed a Writ Appeal against the 12(3) Settlement arrived at between the parties, which goes on to show that there exists a dispute. There is a genuine dispute between the parties and the defence raised by the Corporate Debtor on the grounds of existence of a dispute are real and not spurious, hypothetical, illusory or misconceived. Petition dismissed.
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