The appellant, M/s Venus Cotsyn (India) Ltd., filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016 against M/s G.L. Jain Button Store Pvt. Ltd., the corporate debtor. The Adjudicating Authority (National Company Law Tribunal), Chandigarh Bench, rejected the application based on the existence of a pre-existing dispute. The appellant argued that the dispute regarding the quality of goods was resolved amicably and the corporate debtor accepted the debt reflected in the ledger account.
M/s Venus Cotsyn (India) Ltd. filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016 against M/s G.L. Jain Button Store Pvt. Ltd. The Adjudicating Authority, Chandigarh Bench, rejected the application due to a pre-existing dispute. The appellant claimed the dispute was resolved amicably and the corporate debtor accepted the debt. The respondent referred to WhatsApp communications indicating a dispute over damaged or waste material. The appellate tribunal found a pre-existing dispute regarding invoices in form 5.
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The Appellant filed application u/s 9 of the…
The Adjudicating Authority (‘National…
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The appellant, M/s Venus Cotsyn (India) Ltd., filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016 against M/s G.L. Jain Button Store Pvt. Ltd., the corporate debtor. The Adjudicating Authority (National Company Law Tribunal), Chandigarh Bench, rejected the application based on the existence of a pre-existing dispute. The appellant argued that the dispute regarding the quality of goods was resolved amicably and the corporate debtor accepted the debt reflected in the ledger account.
M/s Venus Cotsyn (India) Ltd. filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016 against M/s G.L. Jain Button Store Pvt. Ltd. The Adjudicating Authority, Chandigarh Bench, rejected the application due to a pre-existing dispute. The appellant claimed the dispute was resolved amicably and the corporate debtor accepted the debt. The respondent referred to WhatsApp communications indicating a dispute over damaged or waste material. The appellate tribunal found a pre-existing dispute regarding invoices in form 5.
The Appellant filed application u/s 9 of the…
The Adjudicating Authority (‘National…
Sign in to view related legal provisions.