Pre-existing Dispute Bars Section 9 Application Against Corporate Debtor: NCLAT Delhi

Sanam Fashion & Design Exchange Ltd. Vs Ktex Nonwovens Pvt. Ltd. (NCLAT Delhi)

Sanam Fashion & Design Exchange Ltd. initiated Corporate Insolvency Resolution Process (CIRP) against Ktex Nonwovens Pvt. Ltd. (hereinafter referred to as “Corporate Debtor”) under Section 9 of the Insolvency & Bankruptcy Code (IBC), 2016, seeking recovery of a USD 200,000 advance

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