# Brick2wall Infratech Private Limited vs. Kashyapi Infrastructure Private Limited

> NCLT judgment dated 2026-07-23. Citation: TCN-2026-NCLT-00655. Brick2wall Infratech Private Limited (Operational Creditor) filed an application under Section…

- **Court:** NCLT
- **Order date:** 23 Jul 2026
- **Citation:** TCN-2026-NCLT-00655
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-new-delhi/brick2wall-infratech-private-limited-vs-kashyapi-infrastructure-private-limited-88q7l

## Summary

### Background

Brick2wall Infratech Private Limited (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) against Kashyapi Infrastructure Private Limited (Corporate Debtor) to initiate Corporate Insolvency Resolution Process (CIRP). The Operational Creditor claimed a total outstanding payment of Rs. 2,34,83,915/-, including principal and interest, for the supply of TMT steel rods/bars. The Corporate Debtor allegedly defaulted on these payments. The Corporate Debtor, in its reply to the demand notice, raised disputes regarding defective material, but this was contended by the Applicant as an afterthought without contemporaneous evidence.

## Facts

Brick2wall Infratech Private Limited (Applicant/Operational Creditor) filed an application under Section 9 of the IBC, 2016, against Kashyapi Infrastructure Private Limited (Respondent/Corporate Debtor).

The application sought to initiate Corporate Insolvency Resolution Process (CIRP) due to a default in payment.

The total outstanding payment claimed is Rs. 2,34,83,915/-, comprising a principal amount of Rs. 2,29,09,248/- and an interest amount of Rs. 574,666/-.

Kashyapi Infrastructure Private Limited was incorporated on 23/04/2008 and has its registered office in New Delhi.

The Operational Creditor supplied TMT steel rods/bars of various grades and specifications to the Corporate Debtor pursuant to Purchase Orders dated 31.03.2025.

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## Issues and analysis

### Issue 1: Whether there is an ‘Operational Debt' exceeding the threshold limit as defined under Section 4 of …

**Ratio:** An operational debt, as defined under Section 5(21) of the IBC, arises from the provision

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**Reasoning:** The debt claimed by Brick2wall Infratech Private Limited arose from the supply of TMT

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**Interpretation:** Section 5(21) of the IBC broadly defines 'Operational Debt' to include claims

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**Application:** Given that the claim is for goods supplied and the total amount in default is

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## Parties

- **Judges:** MANNI SANKARIAH…; SHISHIR A…
- **Appellants:** Brick2wall…
- **Respondents:** Kashyapi Infrastru…
- **Other parties:** Satya Prakash…
- **Advocates:** Devul D…; Sanjeev A…

## Timeline

- **2025-03-29 — Invoice I…**: Invoice No. B2WHRINY251674…
- **2025-03-30 — Interest Liability…**: Corporate Debtor acknowledged and accepted the interest liability at 18% per annum via…

## 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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