Corporate LawsLaw Report
It was found that the procedural allegations raised by the corporate debtor did not constitute a bona fide pre-existing dispute capable of defeating a Section 9 petition.
The Bengaluru Bench of the National Company Law Tribunal (NCLT)—comprising Shri Sunil Kumar Aggarwal (Judicial Member) and Shri Radhakrishna Sreepada (Technical Member)—adjudicated C.P. (IB) No. 306/BB/2025, which was filed by Daaksh Jute LLP against Karnataka Food and Civil Supplies Corporation Limited under Section 9 of the Insolvency and Bankruptcy Code…