The case involves an application filed by the Liquidator of Le Ecosystem Technology India Private Limited, the Corporate Debtor, under Section 43(1), (2), and (4) of the Insolvency and Bankruptcy Code, 2016, seeking to reject the claim filed by Compal Electronics India Private Limited (CEPL) as a related party and place them below other creditors under the waterfall mechanism as per Section 53 of the IBC. The CIRP against the Corporate Debtor was initiated under Section 9 of the IBC in 2018. The Liquidator contends that CEPL's claim should be rejected due to their close inter-corporate relationship with the Corporate Debtor at a global level, evidenced by transactions and publicly available information. The Liquidator argues that the Corporate Debtor's balance sheet

The case involves an application filed by the Liquidator of Le Ecosystem Technology India Private Limited, the Corporate Debtor, under Section 43(1), (2), and (4) of the Insolvency and Bankruptcy Code, 2016, seeking to reject the claim filed by Compal Electronics India Private Limited (CEPL) as a related party and place them below other creditors under the waterfall mechanism as per Section 53 of the IBC. The CIRP against the Corporate Debtor was initiated under Section 9 of the IBC in 2018. The Liquidator contends that CEPL's claim should be rejected due to their close inter-corporate relationship with the Corporate Debtor at a global level, evidenced by transactions and publicly available information. The Liquidator argues that the Corporate Debtor's balance sheet