IBC: Sub-contractor not entitled to raise claim if Contractual Relation not exist

Sterling and Wilson Private Limited Vs Embassy Energy Private Limited (NCLAT Chennai) NCLAT Chennai rules that a sub-contractor, lacking a contractual relationship with the owner, is not entitled to prefer any claims against the owner. The case revolves around an application filed under Section 9 of the Insolvency and Bankruptcy Code. The absence of a contractual obligation between the appellant (sub-contractor/Operational Creditor) and the respondent (Corporate Debtor) is established, making the claims ineligible. As no direct goods or services were supplied to the respondent, no operational ...