https://www.taxtmi.com/caselaws?id=766627 The NCLAT dismissed an appeal challenging rejection of an application under Section 9 of the Insolvency and Bankruptcy Code, 2016. The appellant sought resolution of an outstanding amount against the respondent. The tribunal found evidence of pre-existing dispute through WhatsApp conversations between parties regarding soya bean rate fluctuations and the appellant's decision to wait for market improvement rather than receive goods. The NCLAT upheld the lower tribunal's conclusion that a pre-existing dispute existed and that the IBC was not the appropriate forum for recovery, confirming the dismissal of the original application. en-us Mon, 16 Dec 2024 00:00:00 +0530 Sat, 01 Mar 2025 08:25:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=766627 The NCLAT dismissed an appeal challenging rejection of an application under Section 9 of the Insolvency and Bankruptcy Code, 2016. The appellant sought resolution of an outstanding amount against the respondent. The tribunal found evidence of pre-existing dispute through WhatsApp conversations between parties regarding soya bean rate fluctuations and the appellant's decision to wait for market improvement rather than receive goods. The NCLAT upheld the lower tribunal's conclusion that a pre-existing dispute existed and that the IBC was not the appropriate forum for recovery, confirming the dismissal of the original application. Case-Laws IBC Mon, 16 Dec 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=766627