https://www.taxtmi.com/highlights?id=92158 NCLAT dismissed the appeal and affirmed the Adjudicating Authority's rejection of the Section 9 petition. The Tribunal held that the Corporate Debtor had raised a pre-existing dispute (account reconciliation, quality and discount issues) prior to issuance of the Section 8 demand notice and within the statutory period for notifying disputes, such that the dispute was neither spurious nor illusory. The panel found the record of prior communications and post-reconciliation payments insufficient to negate the existence of a bona fide dispute. Applying established law on pre-existing disputes, NCLAT concluded there was no infirmity in the impugned order and therefore dismissed the appeal. en-us Wed, 03 Sep 2025 08:19:26 +0530 Wed, 03 Sep 2025 08:19:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=92158 NCLAT dismissed the appeal and affirmed the Adjudicating Authority's rejection of the Section 9 petition. The Tribunal held that the Corporate Debtor had raised a pre-existing dispute (account reconciliation, quality and discount issues) prior to issuance of the Section 8 demand notice and within the statutory period for notifying disputes, such that the dispute was neither spurious nor illusory. The panel found the record of prior communications and post-reconciliation payments insufficient to negate the existence of a bona fide dispute. Applying established law on pre-existing disputes, NCLAT concluded there was no infirmity in the impugned order and therefore dismissed the appeal. Highlights IBC Wed, 03 Sep 2025 08:19:26 +0530 https://www.taxtmi.com/highlights?id=92158