NCLAT upheld NCLT Mumbai's dismissal of Shreenathji Infrastructure's Section 9 insolvency petition against Namasthetu Infratech.
Tribunal found pre-existing disputes over work quality, quantity, and contract termination before demand notice issuance.
Appellant claimed ₹1.54 crore operational debt for airport construction work halted by AAI intervention in September 2019.
Respondent counter-claimed losses exceeding ₹3.39 crore due to appellant's alleged non-performance and contract breaches.