Application u/s. 9 of IBC admitted as allegation of pre-existing dispute not proved

Rashtriya Polymers & Solvent Vs Pushpak Auxichem Private Limited (NCLT Mumbai)  NCLT Mumbai held that application u/s. 9 of the Insolvency and Bankruptcy Code admitted as allegation of pre-existing dispute pertaining to quality, quantity and defective nature of goods not proved. Facts- This Company Petition was filed on 13.12.2024 u/s. 9 of the Insolvency and Bankruptcy Code, 2016 (‘IBC’) read with Rule 6 of the Insolvency and Bankruptcy by Mr. Anil Kumar Gupta, Sole Proprietor of M/s Rashtriya Polymers & Solvent, the Operational Creditor (OC), for initiating Corporate Insolvency ...