Magicrete Building Solutions Private Limited filed an application under Section 9 of the Insolvency and Bankruptcy Code against Simplex Infrastructures Limited, claiming a total amount of Rs. 1,92,015, which included a principal sum of Rs. 98,896 and interest of Rs. 93,119 at 24% per annum. The NCLT's jurisdiction was enlarged from Rs. 1.00 lakh to Rs. 1.00 crore vide notification dated 24.03.2020. The application was dismissed for want of jurisdiction.

Magicrete Building Solutions Private Limited filed an application under Section 9 of the Insolvency and Bankruptcy Code against Simplex Infrastructures Limited, claiming a total amount of Rs. 1,92,015, which included a principal sum of Rs. 98,896 and interest of Rs. 93,119 at 24% per annum. The NCLT's jurisdiction was enlarged from Rs. 1.00 lakh to Rs. 1.00 crore vide notification dated 24.03.2020. The application was dismissed for want of jurisdiction.