https://www.taxtmi.com/caselaws?id=783230 SC allowed the operational creditor's appeal and restored the NCLT order admitting the Section 9 IBC application and initiation of CIRP against the corporate debtor. It held that the alleged "pre-existing disputes" were a mere moonshine defence, lacking any credible foundation and insufficient to defeat the claim of operational debt. SC found that the corporate debtor's own ledger account and an email dated 04.08.2021 evidenced liability exceeding the statutory threshold even after adjustments, and that minor issues raised never impeded supplies or payments. SC concluded that NCLAT erred in dislodging NCLT's admission order by overlooking material facts and misattributing delay to the operational creditor. en-us Wed, 10 Dec 2025 00:00:00 +0530 Fri, 12 Dec 2025 08:55:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=783230 SC allowed the operational creditor's appeal and restored the NCLT order admitting the Section 9 IBC application and initiation of CIRP against the corporate debtor. It held that the alleged "pre-existing disputes" were a mere moonshine defence, lacking any credible foundation and insufficient to defeat the claim of operational debt. SC found that the corporate debtor's own ledger account and an email dated 04.08.2021 evidenced liability exceeding the statutory threshold even after adjustments, and that minor issues raised never impeded supplies or payments. SC concluded that NCLAT erred in dislodging NCLT's admission order by overlooking material facts and misattributing delay to the operational creditor. Case-Laws IBC Wed, 10 Dec 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=783230