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2018 (4) TMI 1440 - Tri - Insolvency and BankruptcyCorporate Insolvency Resolution Process - existence of dispute - Held that:- A corporate debtor is bound to accept the award as final in a proceedings initiated against it. Pendency of an arbitration proceeding amounts to ‘existence of a dispute’ under the provisions of the IB Code. As none of the contentions taken by the respondent in its reply seen sustainable under law. Thus, it is clear that petition filed by the operational creditor under section 9 of the Insolvency & Bankruptcy Code, 2016 deserves to be admitted
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