https://www.taxtmi.com/caselaws?id=768607 NCLAT dismissed appeal challenging rejection of Section 9 application for CIRP initiation. Tribunal found pre-existing dispute existed between parties regarding quantum of debt payable. Correspondence showed dispute raised multiple times before demand notice dated 31.12.2021. Respondent successfully established that invoices required third-party certification and logbook verification, with mere stamping by lower functionaries indicating receipt only, not acceptance. Under Section 8(2)(a) and 9(5) of IBC, Adjudicating Authority correctly rejected application upon finding genuine pre-existing dispute. Appeal dismissed, upholding AA's decision to refuse CIRP initiation. en-us Tue, 08 Apr 2025 00:00:00 +0530 Thu, 10 Apr 2025 08:32:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=768607 NCLAT dismissed appeal challenging rejection of Section 9 application for CIRP initiation. Tribunal found pre-existing dispute existed between parties regarding quantum of debt payable. Correspondence showed dispute raised multiple times before demand notice dated 31.12.2021. Respondent successfully established that invoices required third-party certification and logbook verification, with mere stamping by lower functionaries indicating receipt only, not acceptance. Under Section 8(2)(a) and 9(5) of IBC, Adjudicating Authority correctly rejected application upon finding genuine pre-existing dispute. Appeal dismissed, upholding AA's decision to refuse CIRP initiation. Case-Laws IBC Tue, 08 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=768607