https://www.taxtmi.com/caselaws?id=770503 NCLAT dismissed the appeal challenging Section 9 IBC admission. The tribunal held that demand notice was validly served via registered email address disclosed in company's public documents, rejecting the corporate debtor's claim that the email was inactive. The court found no genuine pre-existing disputes, noting identical outstanding amounts in both parties' records and lack of supporting documentation for alleged defective goods worth Rs.19,41,740. The debtor's continued payments totaling Rs.40,00,000 after raising disputes undermined their defense. The tribunal characterized the defective goods defense as "moonshine" and upheld the adjudicating authority's decision to initiate CIRP proceedings. en-us Fri, 09 May 2025 00:00:00 +0530 Mon, 12 May 2025 09:19:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=770503 NCLAT dismissed the appeal challenging Section 9 IBC admission. The tribunal held that demand notice was validly served via registered email address disclosed in company's public documents, rejecting the corporate debtor's claim that the email was inactive. The court found no genuine pre-existing disputes, noting identical outstanding amounts in both parties' records and lack of supporting documentation for alleged defective goods worth Rs.19,41,740. The debtor's continued payments totaling Rs.40,00,000 after raising disputes undermined their defense. The tribunal characterized the defective goods defense as "moonshine" and upheld the adjudicating authority's decision to initiate CIRP proceedings. Case-Laws IBC Fri, 09 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=770503