https://www.taxtmi.com/caselaws?id=783283 NCLAT upheld admission of the s.9 IBC application against the corporate debtor, finding a clear operational debt and default above the statutory threshold and no bona fide pre-existing dispute. The Tribunal rejected the debtor's reliance on alleged cash payments supported by dubious cash receipts and noted the failure to disclose these earlier. It further held that prior police complaints alleging threats were not linked to any commercial dispute concerning the operational debt and therefore could not constitute a "dispute" under ss.5(6) and 8(2)(a) IBC. Concluding that the disputes were contrived, illusory and a mere eyewash, NCLAT dismissed the appeal and sustained the impugned admission order. en-us Wed, 10 Dec 2025 00:00:00 +0530 Sat, 13 Dec 2025 08:28:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=783283 NCLAT upheld admission of the s.9 IBC application against the corporate debtor, finding a clear operational debt and default above the statutory threshold and no bona fide pre-existing dispute. The Tribunal rejected the debtor's reliance on alleged cash payments supported by dubious cash receipts and noted the failure to disclose these earlier. It further held that prior police complaints alleging threats were not linked to any commercial dispute concerning the operational debt and therefore could not constitute a "dispute" under ss.5(6) and 8(2)(a) IBC. Concluding that the disputes were contrived, illusory and a mere eyewash, NCLAT dismissed the appeal and sustained the impugned admission order. Case-Laws IBC Wed, 10 Dec 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=783283