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2019 (11) TMI 1663 - AT - Companies LawCIRP in process - dispute with regard to quantum of the payment - amount involved in the claim - HELD THAT:- From the provisions established in M/S. INNOVENTIVE INDUSTRIES LTD. VERSUS ICICI BANK & ANR. [2017 (9) TMI 58 - SUPREME COURT], it will be evident that even if the amount is disputed, if the claim is more than Rupees One Lakh, the Corporate Insolvency Resolution Process can be initiated. The impugned order passed by Adjudicating Authority need not be interfered. However, the Appellant is allowed to settle the claim with all the claimants in terms of Section 12A of the I&B Code, if the Appellant so chooses - appeal disposed off.
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