# Attero Recycling Private Limited vs. JDJ Alloys Private Limited

> NCLT judgment dated 2026-09-17. Citation: TCN-2026-NCLT-01023. Attero Recycling Pvt. Ltd. (Operational Creditor) filed a petition under Section 9 of the IBC,…

- **Court:** NCLT
- **Order date:** 17 Sept 2026
- **Citation:** TCN-2026-NCLT-01023
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-new-delhi/attero-recycling-private-limited-vs-jdj-alloys-private-limited-7ng5a

## Summary

### Background

Attero Recycling Pvt. Ltd. (Operational Creditor) filed a petition under Section 9 of the IBC, 2016, against JDJ Alloys Pvt. Ltd. (Corporate Debtor) for initiating CIRP due to an unpaid operational debt of Rs. 1,88,03,607.67/-. The debt arose from the supply of copper ingots on credit, for which the Corporate Debtor delayed and failed to make full payments despite repeated demands and a formal demand notice.

## Facts

M/s Attero Recycling Pvt. Ltd. (Operational Creditor) filed a petition under Section 9 of the IBC, 2016, against M/s JDJ Alloys Pvt. Ltd. (Corporate Debtor) on 13.04.2026.

The petition sought initiation of Corporate Insolvency Resolution Process (CIRP) due to the Corporate Debtor's failure to pay an outstanding amount of Rs. 1,88,03,607.67/-, including principal debt of Rs. 1,49,65,802/- and interest of Rs. 38,37,805.67 calculated till 17.02.2026.

The Operational Creditor, an e-waste management company, supplied copper ingots to the Corporate Debtor on a credit basis starting from 27.06.2025.

The Corporate Debtor initially made running payments but subsequently delayed payments for outstanding invoices.

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## Issues and analysis

### Issue 1: Whether there is an "operational debt" and "default" by the Corporate Debtor as …

**Ratio:** An "operational debt" arises from the provision of goods or services, and a

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**Reasoning:** The Operational Creditor supplied copper ingots to the Corporate Debtor on credit,

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**Interpretation:** Section 5(21) of the IBC defines operational debt broadly to include claims for

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**Application:** The facts clearly demonstrate that Attero Recycling Pvt. Ltd. provided goods

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## Parties

- **Judges:** ANUPINDER SINGH…; RAVINDRA CHATURVED…
- **Appellants:** Attero Recycling…
- **Respondents:** JDJ Alloys…
- **Other parties:** Committee of…; Anil Kuma…; +1 more
- **Advocates:** Ankur Si…

## Timeline

- **2025-06-27 — Credit Suppli…**: Operational Creditor commenced supplying copper ingots to the Corporate Debtor on a…
- **2025-11-12 — Invoice I…**: Operational Creditor supplied copper ingots under Tax Invoice No. UK/2526/01910 for Rs.…

## 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)

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