The appellant, Satish Kumar Narula, filed an appeal against Healthians Research Centre Pvt. Ltd., the corporate debtor. The appellant claims that the corporate debtor is a sister concern of Vimhans Nayati, with whom a service agreement and closure agreement were entered. The appellant argues that there is no operational debt payable and that dishonored checks do not constitute operational debt. The respondent contends that Nayati and Vimhans Nayati are the same entity and that payment has been made via RTGS under the closure agreement. The CoC has already been constituted. The application was filed under Section 9.

The appellant, Satish Kumar Narula, filed an appeal against Healthians Research Centre Pvt. Ltd., the corporate debtor. The appellant claims that the corporate debtor is a sister concern of Vimhans Nayati, with whom a service agreement and closure agreement were entered. The appellant argues that there is no operational debt payable and that dishonored checks do not constitute operational debt. The respondent contends that Nayati and Vimhans Nayati are the same entity and that payment has been made via RTGS under the closure agreement. The CoC has already been constituted. The application was filed under Section 9.