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NCLT Erred in Dismissing CIRP Application: Emails Showed No Pre-Existing Dispute, Only Business Discussions.

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....Initiation of CIRP - existence of pre-existing dispute or not - The emails relied upon the Adjudicating Authority are not directed to raise a pre-existing dispute rather the said emails are exchanged by the parties regarding the improvement in the operation and sales and has nothing to do with the goods which are now alleged to be substandard or defective. - NCLT wrongly rejected the application - AT....

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NCLT Erred in Dismissing CIRP Application: Emails Showed No Pre-Existing Dispute, Only Business Discussions.