NCLT says Acknowledgment of Dues Before Demand Notice Defeats Pre-Existing Dispute

Smartpaddle Technology supplied products to Atlanta Modular under supply agreements and claimed ₹17.16 crore as outstanding, including interest. Although the Corporate Debtor subsequently denied liability, its earlier correspondence expressly acknowledged the overdue amounts and sought time for payment. NCLT held that there was no pre-existing dispute and admitted the Section 9 application, commencing CIRP.