Supreme Court Clarifies “Dispute” Under the Insolvency and Bankruptcy Code for Operational Debts: Mobilox Innovations Pvt. Ltd. vs. Kirusa Software Private Limited (2017)

/ Insolvency and Bankruptcy Code, 2016, Insolvency and Bankruptcy Code, 2016 with Section 5(6), Insolvency and Bankruptcy Code, 2016 with Section 8, Judges, Operational Debt, R.F. Nariman, Sanjay Kishan Kaul

Can a mere allegation of breach of contract constitute a “dispute” to halt insolvency proceedings? The Supreme Court of India addressed this crucial question in a case concerning operational debts under the Insolvency and Bankruptcy Code, 2016. This judgment clarifies what constitutes a valid dispute that can prevent the initiation of insolvency proceedings by operational […]

Supreme Court Clarifies “Dispute” Under the Insolvency and Bankruptcy Code for Operational Debts: Mobilox Innovations Pvt. Ltd. vs. Kirusa Software Private Limited (2017) Read Post »