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    <title>2026 (2) TMI 23 - NATIONAL COMPANY LAW APPELLATE TRIBUNAL PRINCIPAL BENCH, NEW DELHI</title>
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    <description>Pre-existing dispute over poor-quality shuttering and scaffolding, pending reconciliation and requests for valuation, was found to render disputed invoices non-admitted and thus not actionable as operational debt under the insolvency code. The tribunal applied the Mobilox principles to hold that a plausible, substantiated pre-existing dispute raised before the demand notice bars initiation of insolvency proceedings; the adjudicating authority therefore rightly rejected the insolvency application and the appeal was dismissed.</description>
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      <description>Pre-existing dispute over poor-quality shuttering and scaffolding, pending reconciliation and requests for valuation, was found to render disputed invoices non-admitted and thus not actionable as operational debt under the insolvency code. The tribunal applied the Mobilox principles to hold that a plausible, substantiated pre-existing dispute raised before the demand notice bars initiation of insolvency proceedings; the adjudicating authority therefore rightly rejected the insolvency application and the appeal was dismissed.</description>
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