The Supreme Court rules that a corporate debtor’s claim of a pre-existing dispute must be genuine and supported by evidence. Spurious or illusory defenses cannot block insolvency proceedings under Section 9 of the IBC.
The Supreme Court rules that a corporate debtor’s claim of a pre-existing dispute must be genuine and supported by evidence. Spurious or illusory defenses cannot block insolvency proceedings under Section 9 of the IBC.