NCLAT| Finds raising a late ‘pre-existing dispute’, spurious and to avoid action under IBC| Denies to stay CIRP
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Section 7 IBC application must confine to the defaults committed after Section 10A period: NCLAT
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Procedural orders directing consolidation of related petitions not appealable under Section 421 of Companies Act: NCLAT
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Rule 11 of NCLAT Rules 2016 cannot be invoked even if there is no provision in IBC to deal with certain circumstances: NCLAT
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Corporate Debtor’s early denial of liability indicates pre-existing dispute; rejection of the Section 9 application justified: NCLAT
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