NCLT Dismisses CIRP Application Citing Pre-Existing Dispute; Questions Validity of Obstruction to Section 9 Application.

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....Initiation of CIRP - NCLT rejected the application on the ground of pre-existing dispute - the purported dispute considered by the Adjudicating Authority as a result of non-supply of copies of ADMs is more like a sham dispute, and it should not come in the way of admission of Section 9 application. - AT....