# In the matter of Cauvery Neeravari Nigam Limited

> NCLT judgment dated 2025-12-10. Citation: TCN-2025-NCLT-01899. SPML Infra Limited, the Operational Creditor (OC), filed a petition under Section 9 of the…

- **Court:** NCLT
- **Order date:** 10 Dec 2025
- **Citation:** TCN-2025-NCLT-01899
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-bengaluru/cauvery-neeravari-nigam-limited-adc78974

## Summary

### Background

SPML Infra Limited, the Operational Creditor (OC), filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016 ("IBC") seeking initiation of Corporate Insolvency Resolution Process (CIRP) against Cauvery Neeravari Nigam Limited, the Corporate Debtor (CD), for alleged default in payment of operational debt.

## Facts

SPML Infra Limited (Operational Creditor) filed a petition under Section 9 of the IBC against Cauvery Neeravari Nigam Limited (Corporate Debtor) for default in payment of operational debt.

The alleged default amount is INR 9,36,49,145/- along with further interest at 18% per annum.

The Corporate Debtor invited tender dated 01.01.1998 for Construction of Civil Works, Design, Supply, Erection, Testing & Commissioning of Mechanical & Electrical components for Nanjapura Lift Irrigation Scheme (NLIS).

The Corporate Debtor awarded the project work to the OC vide Agreement dated 05.05.1999 for a total Contract Value of Rs.2,310.76 Lakh.

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## Issues and analysis

### Issue 1: Whether there exists a pre-existing dispute as …

**Ratio:** The definition of 'dispute' under Section 5(6) of the IBC includes a suit or arbitration

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**Reasoning:** The Respondent's reliance on the pendency of an unrelated arbitration and its vague

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**Interpretation:** The test is not whether some dispute exists between the parties in general, but

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**Application:** The Respondent has patently

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## Parties

- **Judges:** Sunil Kumar…; Radhakrishna…
- **Appellants:** SPML Infr…; SPML Infra…
- **Respondents:** Cauvery Neeravari…
- **Other parties:** Addanki H…
- **Advocates:** Sirisha S…; Sunita Sr…; +1 more

## Timeline

- **01.01.1998 — Tender Invi…**: Corporate Debtor invited tender for Construction of Civil Works, Design, Supply,…
- **05.05.1999 — Project…**: Corporate Debtor awarded the…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 3(12) — Definitions](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-3)

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