IBC: Financial debts from different work order to be clubbed to evaluate minimum threshold limit

Wam India Private Limited Vs SN Engineering Services Pvt. Ltd (NCLT Mumbai) NCLT Mumbai while dealing with Company Petition filed u/s. 9 of the Insolvency & Bankruptcy Code, 2016 held that debts arising from different work order(s) can be clubbed to satisfy the minimum threshold limit. Facts- This is a Company Petition filed u/s. 9 of the Insolvency & Bankruptcy Code, 2016 (IBC) WAM INDIA PRIVATE LIMITED, (“the Operational Creditor”), seeking initiation of Corporate Insolvency Resolution Process (CIRP) against SN ENGINEERING SERVICES PVT. LTD, (“the Corporate Debtor”). The Oper...