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    <title>2026 (2) TMI 564 - NATIONAL COMPANY LAW APPELLATE TRIBUNAL PRINCIPAL BENCH, NEW DELHI</title>
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    <description>A pre-existing dispute under Sections 8 and 9 of the Insolvency and Bankruptcy Code was found where contemporaneous communications, debit notes and ledger entries pre-dated the Section 8 demand and supported a plausible, non feeble defence; therefore the reply to the demand notice constituted a valid notice of dispute. Applying the admission-stage test in Section 9(5)(ii)(d) - whether a prima facie plausible dispute exists requiring further investigation - the adjudicating authority should have rejected the Section 9 application, making the CIRP initiation and appointment of the IRP unsustainable.</description>
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      <description>A pre-existing dispute under Sections 8 and 9 of the Insolvency and Bankruptcy Code was found where contemporaneous communications, debit notes and ledger entries pre-dated the Section 8 demand and supported a plausible, non feeble defence; therefore the reply to the demand notice constituted a valid notice of dispute. Applying the admission-stage test in Section 9(5)(ii)(d) - whether a prima facie plausible dispute exists requiring further investigation - the adjudicating authority should have rejected the Section 9 application, making the CIRP initiation and appointment of the IRP unsustainable.</description>
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