2023 (6) TMI 70 - NATIONAL COMPANY LAW APPELLATE TRIBUNAL , PRINCIPAL BENCH , NEW DELHI

Initiation of CIRP - NCLT admitted the application - pre-existence of dispute - non-compliance with GST Rules - operational debt in default - It is submitted that whether the GST rules were complied or not by the Operational Creditor, did not vitiate the fact that there was an operational debt in default without there any pre-existing dispute raised in respect of that debt.

HELD THAT:- Appellant did not file any Written Submissions in fact the order was passed on 04.05.2023 by this Appellate Tribunal that the Parties have to file their Written Submissions within two weeks. Counsel for the Appellant did not file any submissions, till date.

The Learned Adjudicating Authority had admitted Section 9 Petition filed on behalf of the Respondent – Operational Creditor and initiated CIRP proceedings.

There are no irregularities and therefore accordingly there are no merits in this Appeal - appeal dismissed.