Does The Restoration Of An Appeal Filed Under Section 37 Of The Arbitration & Conciliation Act (1996) Constitute A Pre-Existing Dispute Under The IBC?

In M/S Jai Balaji Industries Vs. D. K. Mohanty & Anr., 2021, the Operational Creditor (OC) filed an appeal before the Supreme Court under Section 62 of Insolvency and Bankruptcy Code, 2016, (Code) against the order passed by National Company Law Appellate Tribunal, (NCLAT). NCLAT held that the Operational Debt claimed by the OC was not free from pre-existing dispute and subsequently set […]