Corporate Debtor failed to demonstrate pre-existing dispute u/s 9 of IBC: NCLAT dismisses Appeal [Read Order]

The bench dismissed the appeal filed by the corporate debtor due to failure to demonstrate a pre-existing dispute as mandated under Section 9 of the IBC

By Saagarika Gopinath - On August 27, 2024 5:15 pm - 2 mins read

NCLAT - NCLAT New Delhi - National Companies - IBC appeal - TAXSCAN

The New Delhi bench of the National Company Law Appellate Tribunal dismissed the appeal as the corporate debtor was unable to prove a pre-existing dispute between the parties. In this case, the corporate debtor was incorporated on 06/12/2010 under the Companies Act, 1956. Respondent No. 1 and the corporate debtor traded and supplied cotton and…

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