# In the matter of Ambey Castings Private Limited

> NCLT judgment dated 2025-09-24. Citation: TCN-2025-NCLT-01425. Epic Steel Industry filed an application under Section 9 of the Insolvency and Bankruptcy Code,…

- **Court:** NCLT
- **Order date:** 24 Sept 2025
- **Citation:** TCN-2025-NCLT-01425
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-kolkata/ambey-castings-private-limited-b29f11f3

## Summary

### Background

Epic Steel Industry filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Ambey Castings Private Limited for initiating Corporate Insolvency Resolution Process (CIRP) due to unpaid operational debt.

## Facts

Epic Steel Industry, the Operational Creditor, supplied 667.91 MT of pig iron and runner skull to Ambey Castings Private Limited, the Corporate Debtor, under 21 invoices issued between September 2023 and May 2024.

The Corporate Debtor provided a balance confirmation on 31 March 2024, acknowledging an outstanding principal of ₹2,25,68,982.18.

The Operational Creditor continued supplies until May 2024, adding a further ₹49,70,768.88 to the outstanding balance.

The Corporate Debtor made ad hoc payments totaling ₹70,25,000 between 01 April and 31 May 2024.

The Operational Creditor issued a Demand Notice under Section 8 of the Insolvency and Bankruptcy Code, 2016, for ₹2,33,36,751.75 (inclusive of interest).

…

## Issues and analysis

### Issue 1: Whether an application under Section 9 of IBC can be considered a suit for the purpose of Section …

**Ratio:** An application under Section 9 of

…

**Reasoning:** The Hon'ble NCLAT held that an application under Section 9 of IBC cannot be said to be a

…

**Interpretation:** Section 69(2) of the Partnership Act, 1932 does not bar an unregistered

…

**Application:** The objection raised by the Respondent that the Operational Creditor is an

…

## Parties

- **Judges:** BIDISHA BA…; Siddharth…
- **Appellants:** Epic Steel…
- **Respondents:** Ambey Castings…
- **Other parties:** Rachna Jhunjhunwal…; Raptakos Brett &…; +10 more
- **Advocates:** Ishaan…; Aishwarya Kumar…; +1 more

## Timeline

- **2023-09-01 — Supply P…**: Epic Steel Industry supplied goods to Ambey Castings Private Limited between September…
- **2024-03-31 — Balance Confi…**: Ambey Castings Private Limited provided a balance confirmation acknowledging an…

## 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-kolkata/ambey-castings-private-limited-b29f11f3