SUMMARY
The NCLAT rejected Multiple Brand Solutions’ contention, saying that the vendor’s claim for payment of invoices was “disputed much before demand notice was issued”
Multiple Brand Solutions sought to initiate bankruptcy proceedings against Amazon Wholesale (India) over alleged default of INR 3.7 Cr between March 2023 and May 2023
Earlier, the Delhi bench of the NCLT also rejected the vendor’s contention, following which Multiplier Brand Solutions moved the Appellate Tribunal
The National Company Law Appellate Tribunal (NCLAT) has dismissed a plea that sought to initiate insolvency proceedings against Amazon Wholesale (India).
Setting aside the petition filed by Multiplier Brand Solutions, a three-member Delhi…
