Existence of dispute between a corporate debtor and an operational creditor is relevant for admission of a CIRP application before the NCLT. Because:
Under Section 9 read with Section 10 of the IBC, the NCLT shall admit a CIRP application filed by the operational creditor only if no notice of dispute has been received by the operational creditor. Existence of dispute between an operational creditor and corporate debtor prevents admission of former’s CIRP application.