NCLAT Upholds Section 9 Admission as Separate Supply Obligations Created Operational Debt

Amarendra Mohapatra Vs Daga Power Systems & Engineers Pvt. Ltd. & Anr. (NCLAT Delhi) Joint Venture Partner Treated as Operational Creditor Because Supply Component Was Separately Defined; Section 9 Insolvency Proceedings Sustained Because Corporate Debtor Acknowledged Supply Dues; NCLAT Rejects JV Defence Because Claim Related Only to Unpaid Supply Invoices; Operational Debt Established Because Corporate Debtor Availed GST Input Tax Credit on Invoices; Section 10A Defence Rejected Because Default Date Fell Outside Covid Suspension Period; NCLAT Says Acknowledged Supply Liability Exceed...