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2018 (12) TMI 740 - Tri - Insolvency and BankruptcyCorporate insolvency process - default in payment of dues - proof of pre-existing dispute - Held that:- In this case, the corporate debtor has not raised any objections or disputed the quality of the goods supplied by the operational creditor anytime before the demand notice was issued by the operational creditor or even the reply was not sent within 10 days period in terms of section 8 of the IBC, 2016. In view, of the above this Tribunal is of the view that the there exists no pre-existing dispute between the corporate debtor and the operational creditor. Therefore the instant Petition is admitted and we order the commencement of the Corporate Insolvency Resolution Process which shall ordinarily get completed within 180 days, reckoning from the day this order is passed.
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