https://www.taxtmi.com/caselaws?id=778059 NCLAT dismissed the appeal challenging the Adjudicating Authority's rejection of an application to initiate CIRP under Section 9 of the IBC, finding a pre-existing dispute and doubts over existence and due payment of the alleged debt. The tribunal held the final bill was conditional on completion certification and contained admitted discrepancies, undermining satisfaction of debt and default requirements. A contractual damages claim remains a matter for separate proceedings but does not cure the appellant's shaky claim under the IBC. Consequently, there was no ground to interfere with the impugned order. en-us Mon, 08 Sep 2025 00:00:00 +0530 Wed, 10 Sep 2025 08:39:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=778059 NCLAT dismissed the appeal challenging the Adjudicating Authority's rejection of an application to initiate CIRP under Section 9 of the IBC, finding a pre-existing dispute and doubts over existence and due payment of the alleged debt. The tribunal held the final bill was conditional on completion certification and contained admitted discrepancies, undermining satisfaction of debt and default requirements. A contractual damages claim remains a matter for separate proceedings but does not cure the appellant's shaky claim under the IBC. Consequently, there was no ground to interfere with the impugned order. Case-Laws IBC Mon, 08 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=778059