Yes, and the reasons were varied, three that spring to mind are.
By the time we finished development, business priorities have changed, code was completed but never made it into production. (Annoying but understandable.)
We were forced to use inadequate tools for internal corporate political reasons. After several years(!) of the project not producing anything useful, the plug was mercifully pulled.
Constant reorganisations meant that the code asymptotically tended towards completion but never quite reached it due to the increasing overhead of handovers and new teams' tendency to rewrite everything to their personal taste.
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Yes, and the reasons were varied, three that spring to mind are.