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2017 (12) TMI 1451 - AT - Insolvency and BankruptcyCorporate insolvency process - ‘existence of a dispute’ - Held that:- Having heard learned counsel for the appellant, while we agree that initiation of ‘Corporate Insolvency Resolution Process’ under ‘I&B Code’ cannot be nullified by any order passed by SEBI nor can be a ground to reject an application under Section 9 of the ‘I&B Code’ but as there is an ‘existence of dispute’ with regard to the invoices raised by the Appellant-’Operational Creditor’, we hold that the application under Section 9 of the ‘I&B Code’ was not maintainable. - Appeal dismissed.
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