https://www.taxtmi.com/caselaws?id=782249 NCLAT allowed the appeal filed by the operational creditor and set aside the NCLT order rejecting the Section 9 IBC application. It held that the operational debt arose from six rental agreements, exceeded the then threshold of Rs. 1 lakh, and was clearly admitted by the corporate debtor through emails acknowledging dues and seeking waiver of interest only on grounds of financial difficulty. The Tribunal ruled that absence of invoices and alleged mutual pre-termination did not constitute a pre-existing dispute, and the corporate debtor remained liable for contractual rental charges. Finding due service of Section 8 notice and proper filing, NCLAT directed admission of the Section 9 application. en-us Tue, 25 Nov 2025 00:00:00 +0530 Thu, 27 Nov 2025 08:36:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=782249 NCLAT allowed the appeal filed by the operational creditor and set aside the NCLT order rejecting the Section 9 IBC application. It held that the operational debt arose from six rental agreements, exceeded the then threshold of Rs. 1 lakh, and was clearly admitted by the corporate debtor through emails acknowledging dues and seeking waiver of interest only on grounds of financial difficulty. The Tribunal ruled that absence of invoices and alleged mutual pre-termination did not constitute a pre-existing dispute, and the corporate debtor remained liable for contractual rental charges. Finding due service of Section 8 notice and proper filing, NCLAT directed admission of the Section 9 application. Case-Laws IBC Tue, 25 Nov 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=782249