The Adjudicating Authority admitted a Section 9 application filed by the Operational Creditor on 16.12.2022. The Appellant filed an appeal against this order, arguing that there was no actual debt amount and that the Operational Creditor's balance sheet did not show any debt. The Appellant also claimed that the amount claimed by the Operational Creditor was incorrect. The Corporate Debtor admitted to an amount of Rs.8,56,836/-, which was more than the threshold. There was a delay of 9 days in filing the appeal, for which the Appellant sought condonation. The key fact is the admission of debt by the Corporate Debtor, which formed the basis for the Adjudicating Authority's decision to admit the Section 9 application.

The Adjudicating Authority admitted a Section 9 application filed by the Operational Creditor on 16.12.2022. The Appellant filed an appeal against this order, arguing that there was no actual debt amount and that the Operational Creditor's balance sheet did not show any debt. The Appellant also claimed that the amount claimed by the Operational Creditor was incorrect. The Corporate Debtor admitted to an amount of Rs.8,56,836/-, which was more than the threshold. There was a delay of 9 days in filing the appeal, for which the Appellant sought condonation. The key fact is the admission of debt by the Corporate Debtor, which formed the basis for the Adjudicating Authority's decision to admit the Section 9 application.