# Lakhari Resources Private Limited vs. Aeronet Technologies Private Limited

> NCLT judgment dated 2026-09-08. Citation: TCN-2026-NCLT-00978. Lakhari Resources Private Limited (Operational Creditor) filed a petition under Section 9 of…

- **Court:** NCLT
- **Order date:** 8 Sept 2026
- **Citation:** TCN-2026-NCLT-00978
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chennai/lakhari-resources-private-limited-vs-aeronet-technologies-private-limited-s3yc7

## Summary

### Background

Lakhari Resources Private Limited (Operational Creditor) filed a petition under Section 9 of the IBC, 2016, against Aeronet Technologies Private Limited (Corporate Debtor) for initiating Corporate Insolvency Resolution Process (CIRP). The Operational Creditor was engaged in the business of wholesale trading of computer peripherals and software services, which it supplied to the Corporate Debtor. The Corporate Debtor defaulted on payments against invoices from April 6, 2024, leading to an operational debt of Rs. 2,48,78,807/- (as per petitioner) and later admitted as Rs. 3,63,53,611/- by the Corporate Debtor. The Operational Creditor issued a Form-3 demand notice. During the pendency of this petition, the Operational Creditor itself was admitted into CIRP, and its

…

## Facts

Lakhari Resources Private Limited (Petitioner/Operational Creditor) filed a petition under Section 9 of the IBC, 2016, against Aeronet Technologies Private Limited (Respondent/Corporate Debtor).

The Petitioner was engaged in the business of wholesale trading in computers, computer peripheral equipment, software, and repair services.

The Petitioner sold hard disks, processors, and other peripheral equipment to the Corporate Debtor for three years against invoices.

The Corporate Debtor defaulted in payment against invoices with effect from 06.04.2024.

The total operational debt claimed by the Petitioner was Rs. 2,48,78,807/-, which the Corporate Debtor later admitted as Rs. 3,63,53,611/-.

The Petitioner sent a Form-3 notice dated 11.01.2025.

…

## Issues and analysis

### Issue 1: Whether the petition filed under Section 9 of the IBC, 2016, for initiating CIRP against the …

**Ratio:** A petition under Section 9 of the IBC for initiating CIRP against a Corporate Debtor must

…

**Reasoning:** The Corporate Debtor unequivocally admitted the debt of Rs. 3,63,53,611/- and its

…

**Interpretation:** The NCLT interpreted the Corporate Debtor's admission of debt and absence of

…

**Application:** Based on the findings, the NCLT admitted the petition and initiated CIRP

…

## Parties

- **Judges:** Shri. Sanji…; Shri. Venkataraman…
- **Appellants:** Lakhari Resources…; Shri. Jitender…
- **Respondents:** Aeronet Technologi…
- **Other parties:** CoC of Lakhari…; Shri. Nikhil…; +1 more
- **Advocates:** Asmaa Ahama…; Shri. Varun…; +1 more

## Timeline

- **2000-05-26 — Incorporation of…**: Aeronet Technologies Private…
- **2024-01-23 — Default in Payment…**: The Corporate Debtor defaulted in making…

---

This is a preview. The full structured summary, issues, precedents and source judgment are available on CaseEase - Legal Intelligence Simplified: https://caseease.in/cases/ibc/nclt-chennai/lakhari-resources-private-limited-vs-aeronet-technologies-private-limited-s3yc7