IBC Section 9 Application Rejected Due to Pre-Existing Dispute; Adjudicating Authority Upholds Decision.

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....Rejection of application filed u/s 9 of IBC - existence of dispute - When Demand Notice issued under Section 8 is replied by the Corporate Debtor, which is notice of dispute raising the dispute regarding claim of the Appellant, the Adjudicating Authority has rightly not proceeded to admit the Section 9 application - AT....