Technochem Distributers, the appellant, filed an application under section 9 of the Insolvency and Bankruptcy Code, 2016 (I&B Code) to initiate the Corporate Insolvency Resolution Process (CIRP) against Sura Leathers Pvt. Ltd., the corporate debtor. This application was filed before the National Company Law Tribunal (NCLT), Bengaluru Bench, Bengaluru. The NCLT, by an order dated March 11, 2019, rejected the appellant's application, leading to the present appeal.

Technochem Distributers, the appellant, filed an application under section 9 of the Insolvency and Bankruptcy Code, 2016 (I&B Code) to initiate the Corporate Insolvency Resolution Process (CIRP) against Sura Leathers Pvt. Ltd., the corporate debtor. This application was filed before the National Company Law Tribunal (NCLT), Bengaluru Bench, Bengaluru. The NCLT, by an order dated March 11, 2019, rejected the appellant's application, leading to the present appeal.