NCLAT Issues Notice in VKR Projects Insolvency Appeal

NCLAT issues notice in VKR Projects' appeal against NCLT order rejecting ₹1.32 crore insolvency petition against Welspun Road.
Appellant claims RA Bill 4 amount of ₹1.32 crore is undisputed debt acknowledged by corporate debtor via email confirmation.
Corporate debtor disputes claim citing incomplete work, requirement for balance confirmation, and operational creditor's alleged work abandonment.
Tribunal allows two weeks for respondent reply, suggests payment of ₹1.32 crore could resolve part of dispute.