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2022 (8) TMI 1058 - Tri - Insolvency and BankruptcyMaintainability of application - initiation of CIRP - Corporate Debtor committed default in payment of debt - Operational Debtor - existence of debt and dispute or not - HELD THAT:- The dispute as appears on record requires thorough inquiry/investigation before the Competent Authority/Court. It cannot be said that dispute as raised prior to demand notice by the Corporate Debtor is not a genuine dispute. This Adjudicating Authority cannot enter into details of the dispute. It is enough to come to the conclusion that the dispute as raised by the Corporate Debtor requires further investigation. Hence, the Corporate Debtor in CIRP as claimed by the Operational Creditor, cannot be admitted. Petition dismissed.
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