Admissibility of petition filed u/s 9 of IBC as there was no pre-existence of “dispute”

Metro Tyres Limited Vs Hero Electric Vehicles Pvt Ltd (NCLT Delhi) Conclusion: Since the Corporate Debtor had not been able to raise a plausible contention regarding the pre-existence of “dispute” between the parties, therefore, the present petition filed under Section 9 of the IBC, 2016 ought to be admitted. Held: The Operational Creditor-Metro Tyres limited was engaged in the business of manufacturing of rubber products. The Corporate Debtor i.e., M/s. Hero Electric Vehicles Pvt. Ltd. was engaged in the field of electric mobility solutions. The Company offered electric two wheelers. The ...