NCLT Rejects CIRP Application Due to Pre-existing Dispute Supported by Strong Evidence and Correspondence.

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....Initiation of CIRP - Pre-Existing Disputes - This Tribunal is of the considered view that there is a Pre-Existing Dispute and the aforenoted correspondence establishes that a dispute truly exists in fact between the Parties, which is not a patently feeble legal argument or an assertion of facts, unsupported by evidence. - NCLT rightly rejected the application - AT....