NCLAT rejects insolvency appeal against DLF by contractor over ₹4.65 crore dues

The National Company Law Appellate Tribunal (NCLAT) dismissed a contractor’s plea to initiate insolvency against DLF over alleged unpaid dues of ₹465 crore, noting unresolved contractual disagreements. The tribunal reiterated that the IBC cannot substitute civil litigation for breach-of-contract cases lacking clear debt acknowledgment. The order safeguards large corporations from coercive insolvency triggers, ensuring the IBC remains a last resort for genuine financial defaults. This reinforces judicial preference for negotiated settlements in complex real estate disputes.