Tribunals and CommissionsDivision Bench(2023) 06 NCLT CK 0006

Capital Construction Pvt. Ltd Vs Metso India Pvt. Ltd

National Company Law Appellate Tribunal · Decided on 6 June 2023

HON’BLE JUDGES
Mahendra Khandelwal, Member (J) · Rahul Bhatnagar, Member (T)
RESULT
Dismissed
CASE NUMBER
IB 148/ND/2023

AI Structured Summary

Not yet generated for this judgment

Judgment

1 paragraphs · 119 words

This is a Section 9 Petition in which the amount defaulted and claimed is Rs. 33,33,939 which is below the threshold limit provided under the IBC. Heard the submissions made by Ld. Counsel for the Operational Creditor. Since, the amount involve is below the threshold limit provided under Section 4 of the IBC, 2016 as not maintainable, the present Section 9 Petition i.e. IB148/ND/2023 is dismissed. However, liberty is granted to the Petitioner that if the Hon’ble Supreme Court of India in jumbo papers matters decide the case in their favour, they may again approach this Tribunal by filing the fresh petition. The present petition i.e. IB-148/ND/2023 is dismissed. All connected paper may be consigned to the record room.