Maintainability of Section 9 application - pre-existing dispute ...

NCLT Rejects Section 9 Application: Payment Withheld Due to Legitimate Dispute; 97% Already Paid to Appellant.

September 8, 2023

Case Laws Insolvency and Bankruptcy AT

Maintainability of Section 9 application - pre-existing dispute - admittedly 97 % of the amount due for the invoices raised by the Appellant was paid and 3 % of the Invoices amount was withheld by the Respondent Company. - a ‘dispute’ truly existed for the Respondent Company to have withheld 3% of the total invoice amount. - application was rightly rejected by the NCLT - AT

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Maintainability of Section 9 application - pre-existing dispute ...

NCLT Rejects Section 9 Application: Payment Withheld Due to Legitimate Dispute; 97% Already Paid to Appellant.

September 8, 2023

Case Laws Insolvency and Bankruptcy AT

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