Operational Creditor’s Insolvency Plea Dismissed Because Contractual Dispute Existed Over Services

FTI Consulting India Pvt. Ltd. Vs MGF Developments Ltd. (NCLAT Delhi) The National Company Law Appellate Tribunal (NCLAT), Delhi, considered an appeal challenging the order dated 31.10.2025 passed by the National Company Law Tribunal (NCLT), New Delhi, which had rejected a Section 9 application filed by the appellant seeking initiation of the Corporate Insolvency Resolution Process (CIRP). The application had been dismissed by the Adjudicating Authority on the ground that the dispute between the parties was contractual in nature and could not be pursued through insolvency proceedings. Backgrou...