# In the matter of Jindal Steel & Power Ltd. Vs. DCM International Ltd. CA (AT) (Insolvency) No. 288-2017

> NCLAT judgment dated 2017-11-28. Citation: TCN-2017-NCLAT-00042. The case involves an appeal against the Adjudicating Authority's dismissal of an application…

- **Court:** NCLAT
- **Order date:** 28 Nov 2017
- **Citation:** TCN-2017-NCLAT-00042
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclat-new-delhi/jindal-steel-power-ltd-vs-dcm-international-ltd-ca-2ffc16c4

## Summary

### Background

The case involves an appeal against the Adjudicating Authority's dismissal of an application under Section 9 of the Insolvency and Bankruptcy Code (I&B Code). The appellant, Jindal Steel & Power Ltd., is a tenant of the respondent, DCM International Ltd., the 'Corporate Debtor'. The appellant's claim to be an 'Operational Creditor' was disputed.

## Facts

Jindal Steel & Power Ltd. (Appellant) is a tenant of DCM International Ltd. (Respondent), the 'Corporate Debtor'. The Appellant filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, claiming to be an 'Operational Creditor'. The Adjudicating Authority dismissed the application. The appellant's claim is based on a Memorandum of Understanding regarding the premises. The appellant has not made any claim in respect of the provisions of the goods or services. The debt claimed does not arise under any law for the time being in force payable to the Central Government or State Government.

## Issues and analysis

### Issue 1: Whether the Appellant, being a tenant of the 'Corporate Debtor', can be considered an 'Operational …

**Ratio:** The definition of 'Operational Creditor' under sub-section (20) read with sub-Section

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**Reasoning:** The court reasoned that the appellant's claim, as a tenant, did not arise from the

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**Interpretation:** The court interpreted the definition of 'Operational Creditor' narrowly,

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**Application:** The court applied the ratio to the facts, finding that the appellant's claim as

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## Parties

- **Judges:** S.J. Mukhop…; Bansi Lal…
- **Appellants:** Jindal Steel and…
- **Respondents:** DCM International…
- **Advocates:** Manoj K.…; Daizy C…; +2 more

## Timeline

- **2017-10-06 — Impugned…**: Adjudicating Authority dismissed the…
- **2017-11-28 — Order…**: The Appellant is admittedly a tenant…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 5(20) — Definitions](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-5)

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