NCLT Bengaluru admits CIRP Despite Pre-Existing Dispute Defence Over Palm Olein Supplies

NCLT Bengaluru admitted a Section 9 application filed by Voyager Trading Partners LLC against Nadella AgrotechPrivate Limited for non-payment of amounts due under two commercial invoices for palm olein. The corporate debtor challenged the creditor's identity, contractual documentation, service of the statutory demand notice and assignment of receivables, while also alleging that the proceedings were an attempt at debt recovery. The Tribunal found that the documentary record, including accepted invoices, shipping documents, an acknowledgement of debt and a subsequent request for time to pay, established the operational debt and default. It rejected the pre-existing dispute defence and admitted the corporate debtor into CIRP.