Sec 9 insolvency plea can’t be rejected when disputed claim is not raised prior to demand notice, NCLAT

Sec 9 insolvency plea can’t be rejected when disputed claim is not raised prior to demand notice, NCLAT

The National Company Law Appellate Tribunal has held that existence of a “disputed claim” cannot be a ground to reject an application under Section 9 of the Insolvency and Bankruptcy Code 2016 if the dispute was not raised prior to the issuance of demand notice under Section 8(1).

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