# In the matter of Airtech Airconditioning vs. Parnika Commercial and Estate Private Limited

> NCLAT judgment dated 2026-01-07. Citation: TCN-2026-NCLAT-00006. M/s Airtech Airconditioning filed an appeal against the order dated 18.12.2023 passed by the…

- **Court:** NCLAT
- **Order date:** 7 Jan 2026
- **Citation:** TCN-2026-NCLAT-00006
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclat-new-delhi/airtech-airconditioning-vs-parnika-commercial-and-estate-private-limited-eb7366a2

## Summary

### Background

M/s Airtech Airconditioning filed an appeal against the order dated 18.12.2023 passed by the Adjudicating Authority (National Company Law Tribunal, New Delhi Bench-III) in C.P. (IB) No. 126/ND/2023, which dismissed their Section 9 application under the Insolvency and Bankruptcy Code, 2016.

## Facts

M/s Airtech Airconditioning, an Operational Creditor, was engaged by Parnika Commercial & Estate Private Limited to provide HVAC services for three projects.

The Appellant issued a demand notice under Section 8 on 21.10.2022 for Rs 8.23 Cr. with interest @18% due to non-payment.

The Corporate Debtor replied on 31.10.2022 denying outstanding dues and raising deficiencies in the Operational Creditor's performance.

The Operational Creditor filed a Section 9 application on 22.02.2023, which was rejected by the Adjudicating Authority on 23.10.2023.

The Appellant contended that the Adjudicating Authority failed to consider that invoices for the Vanijya Bhawan Project fell outside the Section 10-A period.

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## Issues and analysis

### Issue 1: Whether the Adjudicating Authority erred in rejecting the Section 9 application by failing to …

**Ratio:** The Adjudicating Authority must consider all relevant invoices, including those falling

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**Reasoning:** The Adjudicating Authority's failure to consider the Vanijya Bhawan Project invoices,

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**Interpretation:** Section 9 applications should not be dismissed solely based on the exclusion of

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**Application:** The Appellate Tribunal set aside the impugned order and remanded the matter for

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## Parties

- **Judges:** Ashok Bh…; Barun M…
- **Appellants:** M/s Airtech…
- **Respondents:** Parnika Commercial…
- **Advocates:** Vipul G…; Avnika M…; +3 more

## Timeline

- **2022-10-21 — Demand Notice by…**: M/s Airtech Airconditioning issued a demand…
- **2022-10-31 — Reply by Corporate…**: Parnika Commercial & Estate Private…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 61 — Appeals and Appellate Authority](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-61)

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