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2017 (12) TMI 648 - Tri - Companies LawCorporate insolvency procedure - Held that:- A plausible dispute is shown to exist as between the parties to stave of the insolvency process by the Corporate Debtor, as contemplated under the provisions of IBC, 2016. In addition, it is also noticed that the certificate from the bankers is not in conformity as per section 9(3)(c) of IBC, 2016 inasmuch as the certificate does not disclose the amount of unpaid liability. Thus, taking into consideration the above facts and circumstances of the case, we are constrained to dismiss this Petition but without costs.
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