Insolvency & NCLT
Operational creditor's petition met with a pre-existing dispute
Challenge
An operational creditor sought to initiate corporate insolvency resolution against a corporate debtor that disputed the underlying debt.
Approach
The pre-existing dispute was established from correspondence predating the demand notice under Section 8, and placed before the Tribunal alongside the statutory record.
Outcome
The matter was argued on the question of whether a genuine dispute existed prior to the notice. Result not disclosed.