https://www.taxtmi.com/caselaws?id=751789 The NCLAT Principal Bench allowed an appeal challenging rejection of a Section 9 application under the Insolvency Code. The HC had erroneously found contradictory statements by the respondent PSU regarding acceptance of revised BOQ and wrongly presumed a pre-existing dispute. The tribunal held that no dispute existed when the demand notice was issued, as the respondent failed to reply to it. The adjudicating authority also failed to provide mandatory notice for rectifying application defects before rejection. The impugned order was set aside and appeal allowed. en-us Tue, 23 Apr 2024 00:00:00 +0530 Thu, 25 Apr 2024 07:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=751789 The NCLAT Principal Bench allowed an appeal challenging rejection of a Section 9 application under the Insolvency Code. The HC had erroneously found contradictory statements by the respondent PSU regarding acceptance of revised BOQ and wrongly presumed a pre-existing dispute. The tribunal held that no dispute existed when the demand notice was issued, as the respondent failed to reply to it. The adjudicating authority also failed to provide mandatory notice for rectifying application defects before rejection. The impugned order was set aside and appeal allowed. Case-Laws Insolvency and Bankruptcy Tue, 23 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=751789