2019 (4) TMI 1767

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..... ndent- A.S. Iron Steel (I) Pvt. Ltd. It advanced payment of ₹ 74,32,326/- to Respondent for supply of goods. In view of the aforesaid fact, the payment cannot be treated to be an Operational Debt and the application under Section 9 filed by the Appellant was not maintainable. Accordingly, no relief can be granted. The order passed by this Appellate Tribunal or Adjudicating Authority w .....

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..... pellant paid the amount of ₹ 74,32,326/- for supply of goods by the Corporate Debtor. The goods having not been supplied the present application under Section 9 was filed. According to him, there is no pre-existing dispute. 3. Learned counsel appearing on behalf of the Respondent (Corporate Debtor) submitted that the goods were supplied as far back as in 2014, therefore, the cla .....

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