No payable due amount

Mar

In Response to A Section 9 Application, Defenses Of “Pre-existing Dispute” Or “No Amount Due” May be Made: NCLAT Delhi

March 9, 2023Garvit ShrivastavaInsolvency & Bankruptcy

In ruling on an appeal filed in Greymatter Entertainment Pvt. Ltd. v. Pro Sportify Pvt. Ltd., the National Company Law Appellate Tribunal (“NCLAT”), Principal Bench, made up of Justice Ashok Bhushan (Chairperson) and Ms. Shreesha Merla (Technical Member), determined that the IBC did not bar the Corporate Debtor from establishing defences of “Pre-existing dispute” or...

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In Response to A Section 9 Application, Defenses Of “Pre-existing Dispute” Or “No Amount Due” May be Made: NCLAT Delhi