NCLAT dismissed appeal against order rejecting Section 9 ...

NCLAT upholds dismissal of CIRP initiation against pre-existing disputes.

January 10, 2025

Case Laws IBC AT

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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NCLAT dismissed appeal against order rejecting Section 9 ...

NCLAT upholds dismissal of CIRP initiation against pre-existing disputes.

January 10, 2025

Case Laws IBC AT

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