₹2.92 Crore Insolvency Plea Against GLS Films Dismissed Over Pre‑Existing Dispute: Supreme Court Restores NCLT Order [Read Order]
In a recent ruling, the Supreme Court of India set aside a National Company Law Appellate Tribunal (NCLAT) order that had admitted an insolvency petition against GLS Films Industries Pvt. Ltd., holding that there existed a plausible pre‑existing dispute between the parties prior to the demand notice under the Insolvencyand Bankruptcy Code, 2016 (IBC). Chemical…

