Though the running account was to be reconciled and settled, there was an email sent prior to issuance of the Demand Notice under Section 8 asking the Operational Creditor to take back the rejected material, clearly reflecting a Pre-Existing Dispute – Anshul Vashistha Shareholder & Director of M/s. Saturn Prefab India Pvt. Ltd Vs. M/s. Jayhind Steel Traders – NCLAT New Delhi

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