The Supreme Court of India has held that the National Company Law Appellate Tribunal (NCLAT) cannot delve into the actual merits of a dispute while considering an application under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC). A Division Bench comprising Justice Sanjay Kumar and Justice R. Mahadevan set aside the NCLAT’s decision
IBC Section 9 | Existence of Plausible Pre-Existing Dispute Bars CIRP Admission: Supreme Court Restores NCLT Order
