2026 (2) TMI 36 - SCH - IBC

CIRP initiation for operational debt under multiple agreements - contested appeal dismissed, NCLAT order upheld by Supreme Court

Dismissal of an application under Section 9 for initiation of the corporate insolvency resolution process arose from operational debt created by six ... Dismissal of section 9 application for initiation of CIRP of the Corporate Debtor - operational debt had emanated in pursuance of the terms of the six agreements between the two parties which required payments to be made to the Operational Creditor by the Corporate Debtor - HELD THAT:- Having heard the learned counsel for the appellant, we find no grounds made out to interfere with the impugned judgment/order passed by the National Company Law Appellate Tribunal, Principal Bench, New Delhi. The appeal is, accordingly, dismissed. Outcome: Appeal dismissed [No detailed order].