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    <title>2026 (1) TMI 274 - NATIONAL COMPANY LAW APPELLATE TRIBUNAL, PRINCIPAL BENCH, NEW DELHI</title>
    <link>https://www.taxtmi.com/caselaws?id=784518</link>
    <description>A s.9 IBC application was admitted despite an Information Utility record reflecting a dispute. The NCLAT held that s.9 proceedings are summary and, under s.9(5)(ii)(d), the AA must reject an application where an &quot;existence of dispute&quot; is evidenced, including from the Information Utility record produced by the operational creditor itself; the AA&#039;s failure to consider the recorded dispute vitiated admission, and the admission order was set aside and the s.9 application rejected. Independently, the corporate debtor&#039;s reply to the demand notice constituted a notice of dispute and showed a pre-existing dispute regarding alleged excess payments, requiring rejection under s.9(5)(ii)(d); the appeal was allowed.</description>
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    <pubDate>Thu, 11 Dec 2025 00:00:00 +0530</pubDate>
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      <title>2026 (1) TMI 274 - NATIONAL COMPANY LAW APPELLATE TRIBUNAL, PRINCIPAL BENCH, NEW DELHI</title>
      <link>https://www.taxtmi.com/caselaws?id=784518</link>
      <description>A s.9 IBC application was admitted despite an Information Utility record reflecting a dispute. The NCLAT held that s.9 proceedings are summary and, under s.9(5)(ii)(d), the AA must reject an application where an &quot;existence of dispute&quot; is evidenced, including from the Information Utility record produced by the operational creditor itself; the AA&#039;s failure to consider the recorded dispute vitiated admission, and the admission order was set aside and the s.9 application rejected. Independently, the corporate debtor&#039;s reply to the demand notice constituted a notice of dispute and showed a pre-existing dispute regarding alleged excess payments, requiring rejection under s.9(5)(ii)(d); the appeal was allowed.</description>
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      <pubDate>Thu, 11 Dec 2025 00:00:00 +0530</pubDate>
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