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2019 (1) TMI 137 - Tri - Insolvency and BankruptcyCorporate Insolvency Resolution Process - bonafide dispute - Held that:- There is a bona fide dispute exists in the case, as per ratio decided in Mobilox Innovations (P.) Ltd. case (2017 (9) TMI 1270 - SUPREME COURT OF INDIA) followed by other cases in this regard. It is settled position of law that whenever there is a bona fide dispute raised by the Respondent, the Adjudicating Authority cannot entertain the application filed under the provisions of Section 9 of IBC. Therefore, the Company Petition is not maintainable, and thus it is liable to be rejected.
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