Jyoti Structures Limited (appellant), as the successor in management of a corporate debtor, appealed an Adjudicating Authority order dated 11.06.2026. This order had dismissed the appellant's application (I.A. No.390 of 2026) filed under Section 65 of the IBC, which alleged that DBS Bank Limited (respondent), a dissenting Financial Creditor, had maliciously and fraudulently instituted a liquidation application (I.A. No.93 of 2025). The resolution plan for the corporate debtor was approved in March 2019 and became implementable in November 2021. The appellant claimed to have made payments to the respondent, but the respondent alleged material breaches of the resolution plan and unencashed demand drafts, leading to its liquidation application.

Jyoti Structures Limited (appellant), as the successor in management of a corporate debtor, appealed an Adjudicating Authority order dated 11.06.2026. This order had dismissed the appellant's application (I.A. No.390 of 2026) filed under Section 65 of the IBC, which alleged that DBS Bank Limited (respondent), a dissenting Financial Creditor, had maliciously and fraudulently instituted a liquidation application (I.A. No.93 of 2025). The resolution plan for the corporate debtor was approved in March 2019 and became implementable in November 2021. The appellant claimed to have made payments to the respondent, but the respondent alleged material breaches of the resolution plan and unencashed demand drafts, leading to its liquidation application.