Petition u/s 9 of IBC cannot be Rejected merely on General Dispute raised based on Single Whatsapp Message: NCLAT
Mrs. Leena Salot vs Ridham Synthetics Private Limited
CITATION : 2025 TAXSCAN (NCLAT) 257
The National Company Law Appellate Tribunal (NCLAT) has held that a petition under section 9 of the Insolvency Bankruptcy Code (IBC) cannot be rejected merely on general dispute raised based on a Single WhatsApp message
The bench comprising Justice Rakesh Kumar Jain (Judicial Member), Mr. Naresh Salecha (Technical Member) and Mr. Indevar Pandey (Technical Member) observed that the reply that was given was vague and merely stated that since arbitration proceedings had been initiated by the Appellant,…