https://www.taxtmi.com/caselaws?id=755099 NCLAT Principal Bench dismissed appellant's appeal challenging NCLT's rejection of Section 9 IBC application. The tribunal found sufficient evidence of pre-existing dispute between parties regarding machine's defective performance and delayed delivery before demand notice was served. Documented communications including emails, return requests, and settlement discussions substantiated genuine dispute predating the demand notice. NCLAT upheld NCLT's decision, ruling that appellant's arguments about demand notice service and arbitration clause were immaterial given the established pre-existing dispute. Appeal dismissed. en-us Wed, 03 Jul 2024 00:00:00 +0530 Sat, 06 Jul 2024 07:50:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=755099 NCLAT Principal Bench dismissed appellant's appeal challenging NCLT's rejection of Section 9 IBC application. The tribunal found sufficient evidence of pre-existing dispute between parties regarding machine's defective performance and delayed delivery before demand notice was served. Documented communications including emails, return requests, and settlement discussions substantiated genuine dispute predating the demand notice. NCLAT upheld NCLT's decision, ruling that appellant's arguments about demand notice service and arbitration clause were immaterial given the established pre-existing dispute. Appeal dismissed. Case-Laws Insolvency and Bankruptcy Wed, 03 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=755099