In Brief
Vishal Vijay Kalantri challenged the NCLAT's refusal to consider whether a dispute should be referred to arbitration under the Insolvency and Bankruptcy Code, 2016. The Supreme Court upheld NCLAT's decision, holding that a dispute must genuinely exist in fact—not be spurious, hypothetical, or illusory—before arbitration can be invoked. Since the facts did not support a true dispute, NCLAT properly declined to frame the issue. The appeal was dismissed.
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