NCLAT Upholds Rejection of CIRP Appeal Due to Pre-Existing Dispute and Arbitration Notice u/s 9.

NCLAT dismissed appeal against order rejecting Section 9 application by Operational Creditor to initiate Corporate Insolvency Resolution Process. Pre-existing dispute existed between parties evidenced by arbitration notice before demand notice u/s 8, constituting ground for dismissal. No novation of original contract. Appeal dismissed. .....

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