The case involves a civil appeal against an order of the NCLAT. The appellant, Beacon Trusteeship Limited, and Respondent No. 1, Earthcon Infracon Private Limited (Corporate Debtor), entered into a Debenture Trust Deed (DTD). Respondent No. 1 issued debentures against a deposit. The appellant filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC) against Respondent No. 1. Respondent No. 2, an Operational Creditor, filed proceedings under Section 9 of the Arbitration and Conciliation Act, 1996, based on a notice issued under Section 8 of the IBC. An application was admitted based on the admission made by Respondent No. 1, and the NCLT passed an order. The NCLAT dismissed the appeal against the NCLT order, leading to the present appeal before

The case involves a civil appeal against an order of the NCLAT. The appellant, Beacon Trusteeship Limited, and Respondent No. 1, Earthcon Infracon Private Limited (Corporate Debtor), entered into a Debenture Trust Deed (DTD). Respondent No. 1 issued debentures against a deposit. The appellant filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC) against Respondent No. 1. Respondent No. 2, an Operational Creditor, filed proceedings under Section 9 of the Arbitration and Conciliation Act, 1996, based on a notice issued under Section 8 of the IBC. An application was admitted based on the admission made by Respondent No. 1, and the NCLT passed an order. The NCLAT dismissed the appeal against the NCLT order, leading to the present appeal before