Piramal Capital & Housing Finance Limited initiated proceedings under Section 7 of the IBC against PK Infrastructure LLP, citing documents from NESL. PK Infrastructure LLP contested the application, asserting that it was incorrectly named as the Corporate Debtor. The Corporate Debtor's counsel highlighted that page 145 of the NESL report referred to PK Infraestate LLP, a different entity, and the address listed on the same page corresponded to Lucknow, Uttar Pradesh. The court reviewed the records and determined that the Corporate Debtor had been wrongly arrayed in the petition. This discrepancy led the court to conclude that the petition was not maintainable against PK Infrastructure LLP.

Piramal Capital & Housing Finance Limited initiated proceedings under Section 7 of the IBC against PK Infrastructure LLP, citing documents from NESL. PK Infrastructure LLP contested the application, asserting that it was incorrectly named as the Corporate Debtor. The Corporate Debtor's counsel highlighted that page 145 of the NESL report referred to PK Infraestate LLP, a different entity, and the address listed on the same page corresponded to Lucknow, Uttar Pradesh. The court reviewed the records and determined that the Corporate Debtor had been wrongly arrayed in the petition. This discrepancy led the court to conclude that the petition was not maintainable against PK Infrastructure LLP.