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Petition not maintainable as debit in question not undisputed debt: NCLT Mumbai
Case Law Details
- Case Name
- Rajender Kedia Vs Nirav Metals Private Limited (NCLT Mumbai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
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- Courts
- NCLT
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Rajender Kedia Vs Nirav Metals Private Limited (NCLT Mumbai)
NCLT Mumbai dismissed the petition as not maintainable since debt in question is not undisputed debt. Accordingly, since there exists pre-existing dispute and tribunal cannot adjudicate upon such dispute.
Facts- This Petition is filed by Mr. Rajender Kedia (‘Applicant’/‘Operational Creditor’) under Section 9 of the Insolvency and Bankruptcy Code, 2016 seeking initiation of Corporate Insolvency Resolution Process against Nirav Metals Private Limited ( ‘Respondent’/‘Corporate Debtor’) for non-payment of Operational Debt...
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