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Application for initiation of CIRP was to be admitted in absence of any pre-existence of dispute

August 16, 2019[2019] 109 345 (NCLT - New Delhi)

IBC: Where in response to demand notice, corporate debtor raised a dispute that it had already made payment of claimed amount to operational creditor, in view of fact that said amount was transferred by operational creditor to its sister concern 'M' on corporate debtor's behalf for goods supplied by 'M' to corporate debtor, disputes raised by corporate debtor was a patently feeble legal argument and an assertion of fact unsupported by evidences and therefore, application under section 9 was to be admitted

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