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2024 (1) TMI 341 - AT - Insolvency and BankruptcyMaintainability of Section 9 application - pre-existing dispute - Appellant claims that the Adjudicating Authority allowed the CIRP under Section 9 application despite pre-existing dispute with respect to the outstanding amount and quality of work rendered by Operational Creditor - HELD THAT:- The Adjudicating Authority has rightly concluded that there is a debt, which is more than Rs. 1,00,000/- and due and has not been paid and the Appellant had defaulted in making full payments against the services rendered by the Operational Creditor. Therefore, it has rightly proceeded for CIRP proceedings under Section 9 of the Code. There are no error in the order of the Adjudicating Authority - appeal dismissed.
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