NCLAT: Application u/s 9 of IBC to be Rejected if Plausibility of Pre-Existing Dispute Established - 29.11.2024

NCLAT New Delhi Bench has held that once plausibility of a pre-existing dispute is established, application under Section 9 of Insolvency and Bankruptcy Code is to be rejected and Adjudicating Authority is not required to make further detailed investigation.

Tags : NCLAT New Delhi Pre-Existing Dispute Adjudicating Authority

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