The NCLAT bench upheld the earlier rulings by the Mumbai bench of the National Company Law Tribunal (NCLT), which had dismissed the insolvency plea on May 27, 2025, based on the grounds of a pre-existing dispute between the parties, reported news agency PTI.
The dispute and NCLAT’s finding
NCLAT upheld the findings of NCLT, saying it “has committed no mistake” in finding that the email chain between appellant Air Wave Technocrafts and Voltas “reflects ongoing disputes” regarding work…