https://www.taxtmi.com/caselaws?id=780023 NCLAT dismissed the appeal and upheld the Adjudicating Authority's refusal to direct recovery under s.60(5) IBC. The Tribunal held claimed sums were uncrystallized, disputed and contingent (pending variation approvals, final bills and reconciliations), so communications relied on did not constitute admitted debts. Applying SC precedents, the NCLAT found the dispute arose dehors insolvency and thus fell outside NCLT's jurisdiction under s.60(5); the liquidator could not short-circuit other fora. No illegality was found in the impugned order, and the appeal was dismissed. en-us Wed, 15 Oct 2025 00:00:00 +0530 Wed, 15 Oct 2025 17:36:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=780023 NCLAT dismissed the appeal and upheld the Adjudicating Authority's refusal to direct recovery under s.60(5) IBC. The Tribunal held claimed sums were uncrystallized, disputed and contingent (pending variation approvals, final bills and reconciliations), so communications relied on did not constitute admitted debts. Applying SC precedents, the NCLAT found the dispute arose dehors insolvency and thus fell outside NCLT's jurisdiction under s.60(5); the liquidator could not short-circuit other fora. No illegality was found in the impugned order, and the appeal was dismissed. Case-Laws IBC Wed, 15 Oct 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=780023