Operational creditor can initiate CIRP against Corporate Debtor only in clear cases

Satish Chinnadurai Vs Ravindra Hirasingh Rawat (NCLAT Delhi) NCLAT Delhi held that operational creditor can initiate Corporate Insolvency Resolution Process (CIRP) against a Corporate Debtor only in clear cases where no real dispute exists between the two parties. Facts- The instant Appeal has been preferred by the Appellant–`Mr. Satish Chinnadurai’, who is aggrieved and dissatisfied by the Order passed by the Adjudicating Authority (National Company Law Tribunal), filed u/s. 61 of the Insolvency and Bankruptcy Code, 2016, whereby and whereunder the Company Petition preferred by `Mr. Ravin...