IBBI, NCLAT Delhi Judgement Dated 24/07/2025 – Application under section 9 of IBC rejected due to pre-existing dispute arising out of Contract Termination 

Case of Morex Corporation Limited vs Jindal Poly Films Ltd, NCLAT Delhi Judgement Dated 24^thJuly 2025. The appellate tribunal upheld that the dismissal of section 9 application under the Insolvency and Bankruptcy Code due to a case of pre- existing dispute arises out of termination of contract. Accordingly, the appeal rejected.

(Link: NCLAT Judgement Dated 24/07/2025)