This case study, 'IBC 2016 - Existing Disputes', examines the crucial concept of 'dispute' within the Insolvency and Bankruptcy Code. It clarifies what qualifies as a dispute, including its definition and the parameters for its existence, drawing from NCLAT and NCLT rulings. The document is useful for legal professionals, corporate debtors, and operational creditors seeking to understand how disputes affect insolvency applications and how to properly raise or defend against them.