Corporate Debtor's Cheque Dishonor: IBC vs. NI Act in Business Disputes; Genuine Disputes Exempt IBC Provisions.

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....Dishonor of cheque - Corporate Debtor failed to repayment of its dues - business dispute including the disputes with respect of dishonoured of cheques - applicability of provisions of NI Act or IBC - IBC is not intended to be a substitute to a recovery forum and also laid down that whenever there is existence of real dispute, the IBC provisions cannot be invoked. - AT....