Drulum India Pvt. Ltd. (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate corporate insolvency resolution process against Sharma Kalypso Pvt. Ltd. (Corporate Debtor). The Adjudicating Authority (National Company Law Tribunal) rejected the application due to the 'existence of dispute'. The Corporate Debtor contended that goods were not supplied in full as per the purchase order dated 1.6.2017, and supplies were effected beyond the stipulated time. Objections were recorded on the packing list dated 28.6.2017. The Corporate Debtor also claimed manipulation of invoice No. IN1718TDS-046 dated 26.06.2017, with discrepancies in the number of boxes delivered. Documentary evidence was filed to show that goods

Drulum India Pvt. Ltd. (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate corporate insolvency resolution process against Sharma Kalypso Pvt. Ltd. (Corporate Debtor). The Adjudicating Authority (National Company Law Tribunal) rejected the application due to the 'existence of dispute'. The Corporate Debtor contended that goods were not supplied in full as per the purchase order dated 1.6.2017, and supplies were effected beyond the stipulated time. Objections were recorded on the packing list dated 28.6.2017. The Corporate Debtor also claimed manipulation of invoice No. IN1718TDS-046 dated 26.06.2017, with discrepancies in the number of boxes delivered. Documentary evidence was filed to show that goods