Petition filed by Operational Debtor dismissed by NCLT on the contention of existing dispute raised by Corporate Debtor
Last updated: 22 June 2023
Court :
NCLAT
Brief :
The petition filed by Operational Debtor has been dismissed by the NCLT on the contention of existing dispute raised by Corporate Debtor. The NCLAT revised the order passed by NCLT and allowed the petition since Corporate Debtor was trying to take advantage for non-payment of debt once admitted by it under shelter of provisions of Section 9.
Citation :
COMPANY APPEAL (AT) (INS.) NO. 1088 OF 2022
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FCS Deepak Pratap Singh
Published in Corporate Law
Views : 363
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