Petition not maintainable as debit in question not undisputed debt: NCLT Mumbai

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...