The Appellants, claiming to be Operational Creditors, filed appeals against the order(s) dated 10th April, 2018, passed by the Adjudicating Authority (National Company Law Tribunal). The Adjudicating Authority had rejected the application preferred by the Appellant under Section 9 of the Insolvency and Bankruptcy Code, 2016. The Appellants presented marginal bills and certificates from company secretaries as evidence of debt. The Adjudicating Authority held that these marginal bills of the 'Corporate Debtor' cannot be treated as evidence of debt of the Appellants. There was a dispute as to whether any debt is payable by the Respondents to the Appellants. A civil suit (No. 500/2017) is pending on some of the common issues.

The Appellants, claiming to be Operational Creditors, filed appeals against the order(s) dated 10th April, 2018, passed by the Adjudicating Authority (National Company Law Tribunal). The Adjudicating Authority had rejected the application preferred by the Appellant under Section 9 of the Insolvency and Bankruptcy Code, 2016. The Appellants presented marginal bills and certificates from company secretaries as evidence of debt. The Adjudicating Authority held that these marginal bills of the 'Corporate Debtor' cannot be treated as evidence of debt of the Appellants. There was a dispute as to whether any debt is payable by the Respondents to the Appellants. A civil suit (No. 500/2017) is pending on some of the common issues.