The National Company Law Appellate Tribunal (NCLAT) of New Delhi, comprising Justice Ashok Bhushan (Chairperson) and Shri Barun Mitra (Technical Member), rendered a significant ruling in the case of Chandrashekhar Exports Pvt. Ltd. v Babanraoji Shinde Sugar & Allied Industries Ltd. This decision addresses the maintainability of a Section 9 petition under the Insolvency and Bankruptcy Code (IBC) in relation
