The case originated from an order dated April 10, 2017, passed by the National Company Law Tribunal (NCLT), Mumbai Bench. The NCLT had admitted a joint application filed by the respondents, who claimed to be operational creditors, under Section 9 of the Insolvency & Bankruptcy Code, 2016 (I&B Code) to initiate a Corporate Insolvency Resolution Process (CIRP) against the appellant, Uttam Galva Steels Limited, the corporate debtor. The NCLT had rejected the objections raised by the appellant and directed the matter to the Insolvency & Bankruptcy Board of India for the recommendation of an Interim Resolution Professional. The appellant challenged this order before the National Company Law Appellate Tribunal (NCLAT), arguing that the application was not

The case originated from an order dated April 10, 2017, passed by the National Company Law Tribunal (NCLT), Mumbai Bench. The NCLT had admitted a joint application filed by the respondents, who claimed to be operational creditors, under Section 9 of the Insolvency & Bankruptcy Code, 2016 (I&B Code) to initiate a Corporate Insolvency Resolution Process (CIRP) against the appellant, Uttam Galva Steels Limited, the corporate debtor. The NCLT had rejected the objections raised by the appellant and directed the matter to the Insolvency & Bankruptcy Board of India for the recommendation of an Interim Resolution Professional. The appellant challenged this order before the National Company Law Appellate Tribunal (NCLAT), arguing that the application was not