Application u/s. 9 of IBC dismissed due to pre-existing dispute: NCLAT Delhi

Tirupati Drilling & Mining Services Private Limited Vs Sadbhav Engineering (NCLAT Delhi) NCLAT Delhi held that application under section 9 of the Insolvency and Bankruptcy Code [IBC] is not maintainable due to pre-existing dispute between the parties. Accordingly, the appeal is dismissed. Facts- The Corporate Debtor was engaged by Uranium Corporation of India Ltd (UCIL) to carry out activities at Banduhurang Opencast Mines, Jamshedpur. Subsequently, the Corporate Debtor issued a Work Order to the Operational Creditor for drilling operations at the site, initially for a year, and later exte...