Uniton Infra Private Limited (Operational Creditor) filed a petition under Section 9 of the IBC against Shapoorji Pallonji and Company Private Limited (Corporate Debtor) for an alleged default of Rs. 4,31,16,154. The debt arose from sub-contracted road resurfacing work, where RKI Builders Private Limited (RKI) initially sub-contracted to the Corporate Debtor, then further sub-contracted to the Operational Creditor. RKI later assigned its debt from the Corporate Debtor to the Operational Creditor. The Corporate Debtor disputed the claim, citing lack of privity of contract, invalidity of the assignment deed, the debt falling within the Section 10A excluded period, and non-fulfillment of payment conditions (receipt of funds from NMC).

Uniton Infra Private Limited (Operational Creditor) filed a petition under Section 9 of the IBC against Shapoorji Pallonji and Company Private Limited (Corporate Debtor) for an alleged default of Rs. 4,31,16,154. The debt arose from sub-contracted road resurfacing work, where RKI Builders Private Limited (RKI) initially sub-contracted to the Corporate Debtor, then further sub-contracted to the Operational Creditor. RKI later assigned its debt from the Corporate Debtor to the Operational Creditor. The Corporate Debtor disputed the claim, citing lack of privity of contract, invalidity of the assignment deed, the debt falling within the Section 10A excluded period, and non-fulfillment of payment conditions (receipt of funds from NMC).