https://www.taxtmi.com/caselaws?id=769891 The NCLAT allowed the appeal and set aside the admission of the Section 9 IBC application. It held that, by conduct, the contract between the operational creditor and corporate debtor continued beyond the stated one-year validity of the delivery order, with supplies to be made against advances even after expiry. However, the Tribunal found that a clear pre-existing dispute existed within the meaning of Sections 8 and 9, evidenced both by a detailed reply to the demand notice and by disputed entries in the Information Utility. As the statutory conditions of Section 9(5)(ii)(d) were satisfied, the Section 9 application was liable to be rejected, and the Adjudicating Authority's contrary order was unsustainable. en-us Fri, 25 Apr 2025 00:00:00 +0530 Tue, 16 Dec 2025 14:19:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=769891 The NCLAT allowed the appeal and set aside the admission of the Section 9 IBC application. It held that, by conduct, the contract between the operational creditor and corporate debtor continued beyond the stated one-year validity of the delivery order, with supplies to be made against advances even after expiry. However, the Tribunal found that a clear pre-existing dispute existed within the meaning of Sections 8 and 9, evidenced both by a detailed reply to the demand notice and by disputed entries in the Information Utility. As the statutory conditions of Section 9(5)(ii)(d) were satisfied, the Section 9 application was liable to be rejected, and the Adjudicating Authority's contrary order was unsustainable. Case-Laws IBC Fri, 25 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=769891