# Allegis Services (India) Pvt. Ltd. vs. Olive Telecommunication Pvt. Ltd.

> NCLT judgment dated 2026-06-11. Citation: TCN-2026-NCLT-00566. Allegis Services (India) Pvt. Ltd. (Operational Creditor) filed an application under Section 9…

- **Court:** NCLT
- **Order date:** 11 Jun 2026
- **Citation:** TCN-2026-NCLT-00566
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-new-delhi/allegis-services-india-pvt-ltd-vs-olive-telecommunication-pvt-ltd-t38x6

## Summary

### Background

Allegis Services (India) Pvt. Ltd. (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Olive Telecommunication Pvt. Ltd. (Corporate Debtor) for unpaid services. The debt originated from a Master Services Agreement dated 01.12.2010. An Arbitral Award dated 30.04.2014 was passed in favour of the Operational Creditor for Rs. 50,43,071/- plus 15% interest and costs. The Corporate Debtor challenged this award under Section 34 of the Arbitration and Conciliation Act, 1996, but the challenge was dismissed on 19.04.2021. An earlier winding-up petition filed by the Operational Creditor in 2015 was subsequently transferred from the Delhi High Court to the NCLT on 07.05.2024 and converted into the present Section 9

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## Facts

Allegis Services (India) Pvt. Ltd. (Operational Creditor) filed an application under Section 9 of the IBC against Olive Telecommunication Pvt. Ltd. (Corporate Debtor).

On 01.12.2010, a Master Services Agreement was entered into between Market Source (a division of the Operational Creditor) and the Corporate Debtor for sales and marketing services.

The Operational Creditor rendered services and raised six invoices aggregating to Rs. 60,38,613/-.

The Corporate Debtor paid only the first invoice, leaving five invoices aggregating to Rs. 50,43,071/- unpaid.

The Corporate Debtor's balance sheets reflected an amount of Rs. 24,73,438/- as due and payable to the Operational Creditor.

Disputes between the parties were referred to arbitration.

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## Issues and analysis

### Issue 1: Whether there exists an operational debt due and payable by the Corporate Debtor to the Operational …

**Ratio:** An arbitral award crystallizes the debt, and the dismissal of a Section 34 challenge to

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**Reasoning:** The Corporate Debtor's objections regarding the expiry of the agreement, invalidity of

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**Interpretation:** The Adjudicating Authority's role under Section 9 of the Code is to ascertain

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**Application:** Given that the Arbitral Award in favor of Allegis Services (India) Pvt. Ltd.

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## Parties

- **Judges:** BACHU VENKAT…; RAVINDRA CHATURVED…
- **Appellants:** Allegis Services…
- **Respondents:** Olive Telecommunic…
- **Other parties:** Harmeet…
- **Advocates:** Ajit Wa…; Himanshu…; +2 more

## Timeline

- **2010-12-01 — Agreement…**: Master Services Agreement entered into between Market Source (division of Operational…
- **2014-04-30 — Arbitral Awar…**: Arbitral Tribunal passed an Award in favour of the Operational Creditor for Rs.…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 5(20) — Definitions](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-5)

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