# Naksh Steel Ltd vs. Auri Grow India Ltd

> NCLT judgment dated 2026-09-18. Citation: TCN-2026-NCLT-01020. Naksh Steel Limited (Operational Creditor) filed a Section 9 IBC petition against Auri Grow…

- **Court:** NCLT
- **Order date:** 18 Sept 2026
- **Citation:** TCN-2026-NCLT-01020
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-indore/naksh-steel-ltd-vs-auri-grow-india-ltd-a6ph7

## Summary

### Background

Naksh Steel Limited (Operational Creditor) filed a Section 9 IBC petition against Auri Grow India Limited (Corporate Debtor) for defaulting on an operational debt of Rs. 91,82,07,284/-, arising from a Master Supply Agreement for industrial and construction goods. The debt included a principal amount of Rs. 78,01,30,374/- and interest of Rs. 13,80,76,910/-. The Corporate Debtor acknowledged the principal debt but disputed the interest component, offering to pay the principal in staggered instalments.

## Facts

Naksh Steel Limited (Operational Creditor) filed a Company Petition under Section 9 of the IBC against Auri Grow India Limited (Corporate Debtor).

The petition sought initiation of Corporate Insolvency Resolution Process (CIRP) due to an alleged default in payment of an operational debt.

The total operational debt claimed was Rs. 91,82,07,284/-, comprising a principal amount of Rs. 78,01,30,374/- and interest of Rs. 13,80,76,910/-.

Naksh Steel Limited is engaged in the business of steel manufacturing and trading of building material.

Auri Grow India Limited was previously known as Godha Cabcon & Insulation Limited.

On 16.12.2024, the parties entered into a Master Supply Agreement for the supply of industrial and construction goods/material.

…

## Issues and analysis

### Issue 1: Whether there exists an operational debt which is due and payable, and whether the occurrence of …

**Ratio:** The Adjudicating Authority's jurisdiction under Section 9 of the IBC is attracted when an

…

**Reasoning:** The Corporate Debtor did not dispute the Master Supply Agreement, the supplies made, or

…

**Interpretation:** The undisputed facts and documentary evidence clearly establish the existence

…

**Application:** The principal operational debt of Rs. 78,01,30,374/- is established and

…

## Parties

- **Judges:** Brajendra Mani…; Man Mohan…
- **Appellants:** Naksh Ste…; Naksh Steel…
- **Respondents:** Auri Grow India…; Godha Cabcon &…
- **Other parties:** Kalpeshbhai…; Pratikkumar…; +2 more
- **Advocates:** Swastik…; Prutha Bh…

## Timeline

- **2024-12-16 — Master Supply…**: Parties entered into a Master Supply Agreement for supply of industrial and construction…
- **2025-01-22 — First Invoice…**: Operational Creditor started raising invoices…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 9 — Application for initiation of corporate insolvency…](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-9)

---

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-indore/naksh-steel-ltd-vs-auri-grow-india-ltd-a6ph7