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2020 (2) TMI 1595 - AT - Insolvency and BankruptcyMaintainability of application - initiation of CIRP - Corporate Debtor failed to make repayment of its dues - Operational Creditors or not - pre-existence of dispute - HELD THAT:- The e-mail produced shows that the tank fabrication was in progress, but not a single tank fabrication was completed. The workmanship was very poor as erection gang could not be retained by ‘M/s. Lloyd Insultations (India) Limited’ (Appellant). In view of the pre-existence of dispute, it is not desirable to decide whether the dispute raised by the Respondent is genuine or not which can be decided by Court of Competent Jurisdiction and not by the Adjudicating Authority or this Appellate Tribunal - appeal dismissed.
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