Under Section 9 of the IBC a CIRP application by the operational creditor shall be admitted by the NCLT if the corporate debtor issues a notice of dispute to the operational creditor. What is the NCLT’s role in respect of such a dispute?
In Mobilox Innovations Pvt Ltd v Kirusa Software Pvt Ltd AIR 2017 SC 4532, the Supreme Court laid down that all that the NCLT must examine at this stage if there is a plausible connection which requires further investigation and that the ‘dispute’ is not a feeble argument or an assertion of facts unsupported by evidence.