https://www.taxtmi.com/caselaws?id=783467 The NCLAT upheld the rejection of the operational creditor's application under Section 9 of the IBC, holding that a pre-existing dispute was clearly recorded in the information utility (NeSL). The corporate debtor had expressly denied the debt, terming the claim false and asserting that no debt existed, which was captured in Part B of the NeSL record. Relying on the principles in Mobilox, the Tribunal held that where a notice of dispute has been received or a record of dispute exists in an information utility, the Section 9 application must be rejected. It reiterated that Section 9 proceedings are not meant to adjudicate underlying contractual disputes. The appeal was dismissed. en-us Wed, 10 Dec 2025 00:00:00 +0530 Tue, 16 Dec 2025 14:27:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=783467 The NCLAT upheld the rejection of the operational creditor's application under Section 9 of the IBC, holding that a pre-existing dispute was clearly recorded in the information utility (NeSL). The corporate debtor had expressly denied the debt, terming the claim false and asserting that no debt existed, which was captured in Part B of the NeSL record. Relying on the principles in Mobilox, the Tribunal held that where a notice of dispute has been received or a record of dispute exists in an information utility, the Section 9 application must be rejected. It reiterated that Section 9 proceedings are not meant to adjudicate underlying contractual disputes. The appeal was dismissed. Case-Laws IBC Wed, 10 Dec 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=783467