https://www.taxtmi.com/caselaws?id=779941 NCLAT, Principal Bench allowed the appeal and set aside admission of the Section 9 application, holding a pre-existing dispute between the Corporate Debtor and the Operational Creditor warranted rejection under Section 9(5)(2)(d). Relying on SC precedent in Mobilox, the Tribunal found the dispute over deficient services, CCTV backup and contested invoices was plausible and supported by contemporaneous correspondence and notice of dispute, so the Adjudicating Authority erred in admitting the petition despite the ledger balance. en-us Tue, 14 Oct 2025 00:00:00 +0530 Thu, 16 Oct 2025 08:30:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=779941 NCLAT, Principal Bench allowed the appeal and set aside admission of the Section 9 application, holding a pre-existing dispute between the Corporate Debtor and the Operational Creditor warranted rejection under Section 9(5)(2)(d). Relying on SC precedent in Mobilox, the Tribunal found the dispute over deficient services, CCTV backup and contested invoices was plausible and supported by contemporaneous correspondence and notice of dispute, so the Adjudicating Authority erred in admitting the petition despite the ledger balance. Case-Laws IBC Tue, 14 Oct 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=779941