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Corporate Insolvency Resolution plea admitted when book distributor confirmed supply and outstanding dues: NCLT

December 22, 2018[2018] 100 446 (NCLT - Mum.)

CL : Where application filed by applicant under section 9 on account of respondent's failure to make full payment for books supplied to it as distributor was resisted on ground that supply of books was not in confirmation to order placed, in view of fact that said dispute was raised only after receipt of notice under section 8 and thus it was not genuine, it could be concluded that there existed an operational debt which respondent failed to discharge and, thus application so filed deserved to be admitted

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