# Reliance Realty Limited vs. Altruist Customer Management India Pvt. Ltd.

> NCLAT judgment dated 9 Mar 2026. Citation: TCN-2026-NCLAT-00052. Reliance Realty Limited (Appellant/Operational Creditor) filed an appeal against an NCLT…

- **Court:** NCLAT
- **Order date:** 9 Mar 2026
- **Citation:** TCN-2026-NCLAT-00052
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclat-new-delhi/reliance-realty-limited-vs-altruist-customer-management-india-pvt-ltd-dklaf

## Summary

### Background

Reliance Realty Limited (Appellant/Operational Creditor) filed an appeal against an NCLT order dated September 5, 2024, which dismissed its Section 9 application to initiate Corporate Insolvency Resolution Process (CIRP) against Altruist Customer Management India Pvt. Ltd. (Respondent/Corporate Debtor). The Section 9 application sought to recover operational debt amounting to INR 24,34,59,787 (or INR 25,48,83,305/- as claimed later) for unpaid rental dues under a License Agreement dated March 29, 2019. The NCLT dismissed the application on the ground of a purported pre-existing dispute regarding the operational debt.

## Facts

Reliance Realty Limited (Appellant/Operational Creditor) filed a Section 9 application under the IBC against Altruist Customer Management India Pvt. Ltd. (Respondent/Corporate Debtor).

The application sought to initiate Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor for an outstanding operational debt of INR 24,34,59,787 (or INR 25,48,83,305/- as claimed later) comprising rental dues.

The debt arose from a License Agreement dated March 29, 2019, for premises located at Building No. A-8, Sector 1, Plot No. MBP-2, TTC Industrial area, Mahape, Thane.

The NCLT, New Delhi Bench, dismissed the Section 9 application on September 5, 2024, on the grounds of a pre-existing dispute.

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## Issues and analysis

### Issue 1: Whether the Adjudicating Authority correctly dismissed the Section 9 application due to a …

**Ratio:** A "dispute" under Section 5(6) of the IBC must be genuine, real, and

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**Reasoning:** The NCLAT observed that the Adjudicating Authority failed to recognize the Corporate

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**Interpretation:** The NCLAT interpreted "pre-existing dispute" broadly to include the

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**Application:** Given the deeply embedded dispute concerning who is liable for what percentage

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## Parties

- **Judges:** N. Sesha…; Arun Ba…; +1 more
- **Appellants:** Reliance Realty…
- **Respondents:** Altruist Customer…
- **Other parties:** Insolvency and…; Corporate…; +11 more
- **Advocates:** Krishnendu…; Vaijayant P…; +5 more

## Timeline

- **2014-09-01 — Services availed by…**: Reliance Group Companies (RCOM, RCIL, RTL, RWSL) availed services from the Corporate…
- **2018-08-20 — Memorandum of…**: A MoS was entered into by Group Companies and the Corporate Debtor to settle the INR…

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This is a preview. The full structured summary, issues, precedents and source judgment are available on CaseEase - Legal Intelligence Simplified: https://caseease.in/cases/ibc/nclat-new-delhi/reliance-realty-limited-vs-altruist-customer-management-india-pvt-ltd-dklaf