# In the matter of Rahul Bhakat vs. Sree UGCL Projects Ltd.

> NCLAT judgment dated 2025-10-28. Citation: TCN-2025-NCLAT-00557. The appeal was filed against the order passed by the Adjudicating Authority dated 17.10.2025,…

- **Court:** NCLAT
- **Order date:** 28 Oct 2025
- **Citation:** TCN-2025-NCLAT-00557
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclat-new-delhi/rahul-bhakat-vs-sree-ugcl-projects-ltd-4b0301bb

## Summary

### Background

The appeal was filed against the order passed by the Adjudicating Authority dated 17.10.2025, which admitted a Section 9 application filed by the Respondent – Operational Creditor.

## Facts

The appeal is against the Adjudicating Authority's order admitting a Section 9 application.

The Appellant claims the Respondents were given work under a contract, and there was correspondence in 2019 pointing out deficiencies.

An MOU dated 20.12.2021 was signed by the Operational Creditor but not by the Corporate Debtor.

A Credit Note was given by the Operational Creditor to settle disputes.

Notice under Section 8 was issued on 19.09.2024, and a reply was given by the Appellant on 11.10.2024.

The Respondent claims the Corporate Debtor's case is based on a Credit Note dated 30.01.2023, which was not accepted by the Operational Creditor.

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## Issues and analysis

### Issue 1: Whether the Adjudicating Authority erred in admitting the Section 9 application filed by the …

**Ratio:** The Adjudicating Authority

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**Reasoning:** The Adjudicating Authority considered the submissions and evidence presented by both

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**Interpretation:** The court is reviewing the Adjudicating Authority's decision to determine if it

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**Application:** The court will apply the relevant provisions of the IBC to determine if the

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## Parties

- **Judges:** Ashok Bh…; Barun M…
- **Appellants:** Rahul B…
- **Respondents:** Geosphere…; Sree UGCL…
- **Advocates:** Abhijeet…; Shivam S…; +10 more

## Timeline

- **2025-10-17 — Order by Adjudicating…**: Order passed by the Adjudicating…
- **2025-10-28 — Hearing…**: Hearing of the…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 8 — Insolvency resolution by operational creditor](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-8)

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