The appeal was preferred by the Appellant, an Operational Creditor, against the order dated 28th September 2017, passed by the Adjudicating Authority (National Company Law Tribunal), New Delhi Bench, New Delhi. The application preferred by the Appellant under Section 9 of the Insolvency and Bankruptcy Code, 2016, was dismissed on the ground of 'existence of dispute'. The Appellant initially issued a legal notice on 24th May 2016, for winding up of the Company under Section 433(e) of the Companies Act, 1956, and filed a Company Petition No. 790 of 2016 before the Hon'ble High Court of Delhi. In response to the demand notice dated 31st July 2017, the Respondent-Corporate Debtor disputed the claim, stating that a sum of USD 33,000/- had already been paid to the Appellant

The appeal was preferred by the Appellant, an Operational Creditor, against the order dated 28th September 2017, passed by the Adjudicating Authority (National Company Law Tribunal), New Delhi Bench, New Delhi. The application preferred by the Appellant under Section 9 of the Insolvency and Bankruptcy Code, 2016, was dismissed on the ground of 'existence of dispute'. The Appellant initially issued a legal notice on 24th May 2016, for winding up of the Company under Section 433(e) of the Companies Act, 1956, and filed a Company Petition No. 790 of 2016 before the Hon'ble High Court of Delhi. In response to the demand notice dated 31st July 2017, the Respondent-Corporate Debtor disputed the claim, stating that a sum of USD 33,000/- had already been paid to the Appellant