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2017 (11) TMI 946 - Tri - Insolvency and BankruptcyCorporate Insolvency Resolution Process - proof of admitted dispute - Held that:- In the present matter, the corporate debtor has raised a dispute about the disputed pending tax liability in respect of the work contract which is evident from the MoU, dated 16.06.2017 in which the applicant had itself tried to settle the matter in respect of pending tax liability in a tripartite meeting. It is therefore seen that the respondent had earlier raised dispute and brought to the notice of applicant through various correspondences revealing existence of dispute between the parties much before the receipt of the demand notice issued in the present case under section 8 of the Code. Hence, the amount of claim raised by the operational creditor cannot be said to be admitted and a “dispute” existed between the parties in relation to the amount claimed. For the reasons stated above this petition fails and the same is rejected.
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