The National Company Law Appellate Tribunal, Principal Bench, New Delhi (NCLAT) comprising of Justice Yogesh Khanna (Member (Judicial) and Mr. Ajai Das Mehrotra (Member (Technical) dismissed appeal filed by the operational creditors due to the presence of a pre-existing dispute between the operational creditor and corporate debtor.
Brief Facts
The present appeal arises out of an impugned order passed by the National Company Law Tribunal (NCLT), New Delhi allowing M/s Ambassador Logistics Pvt. Ltd (Corporate Debtor) into Corporate Insolvency Resolution Process (CIRP) under Section 9 of the Insolvency and Bankruptcy Code, 2016.
The operational creditor had filed the petition for the operational debt amounting to Rs….
