https://www.taxtmi.com/caselaws?id=283950 The National Company Law Appellate Tribunal rejected an application under Section 9 of the Insolvency and Bankruptcy Code against M/s A.S. Iron & Steel (I) Pvt. Ltd. The Appellant claimed non-supply of goods despite payment, alleging no pre-existing dispute. The Tribunal found the payment for goods, without actual supply, did not constitute 'Operational Debt,' leading to dismissal of the appeal. The Appellant was allowed to seek relief in the Competent Jurisdiction. The appeal was dismissed without costs. en-us Mon, 22 Apr 2019 00:00:00 +0530 Tue, 22 Oct 2019 07:42:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=283950 The National Company Law Appellate Tribunal rejected an application under Section 9 of the Insolvency and Bankruptcy Code against M/s A.S. Iron & Steel (I) Pvt. Ltd. The Appellant claimed non-supply of goods despite payment, alleging no pre-existing dispute. The Tribunal found the payment for goods, without actual supply, did not constitute 'Operational Debt,' leading to dismissal of the appeal. The Appellant was allowed to seek relief in the Competent Jurisdiction. The appeal was dismissed without costs. Case-Laws Insolvency and Bankruptcy Mon, 22 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=283950