This appeal was filed by Amarendra Mohapatra, a suspended director of ASB Energy Systems and Construction Pvt. Ltd. (Corporate Debtor), challenging an order dated 15.10.2025 passed by the Adjudicating Authority (National Company Law Tribunal, Cuttack Bench). The NCLT order admitted a Section 9 application filed by Daga Power Systems & Engineers Pvt. Ltd. (Operational Creditor). The core of the dispute revolved around whether the relationship between the Corporate Debtor and the Operational Creditor constituted an 'operational debt' under the IBC, or if they were merely Joint Venture (JV) partners. Additionally, the appellant argued that the claim was barred by Section 10A of the IBC and that a pre-existing dispute existed between the parties.

This appeal was filed by Amarendra Mohapatra, a suspended director of ASB Energy Systems and Construction Pvt. Ltd. (Corporate Debtor), challenging an order dated 15.10.2025 passed by the Adjudicating Authority (National Company Law Tribunal, Cuttack Bench). The NCLT order admitted a Section 9 application filed by Daga Power Systems & Engineers Pvt. Ltd. (Operational Creditor). The core of the dispute revolved around whether the relationship between the Corporate Debtor and the Operational Creditor constituted an 'operational debt' under the IBC, or if they were merely Joint Venture (JV) partners. Additionally, the appellant argued that the claim was barred by Section 10A of the IBC and that a pre-existing dispute existed between the parties.