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NATIONAL COMPANY LAW APPELLATE TRIBUNAL
Barun Mitra, Member (Technical), Ashok Bhushan, Chairperson
Air Wave Technocrafts Private Limited – Appellant
Versus
Voltas Limited – Respondent
| Table of Content |
|---|
| 1. introduction of the appeal details. (Para 1) |
| 2. factual background of operational debt claim. (Para 2) |
| 3. appellant's arguments on application dismissal. (Para 3) |
| 4. corporate debtor's rebuttal regarding claims. (Para 4) |
| 5. court's consideration of submitted arguments. (Para 5 , 6) |
| 6. key dates and events in the dispute. (Para 7) |
| 7. court analysis of limitation applicability. (Para 8 , 9 , 10) |
| 8. court evaluation of acknowledgment of debt. (Para 11 , 12 , 13 , 14) |
| 9. evaluation of correspondence for acknowledgment. (Para 15 , 16) |
| 10. assessment of submission to information utility. (Para 17 , 18 , 19) |
| 11. consideration of demand notice and its implications. (Para 21 , 22) |
| 12. court's conclusion on limitation issue. (Para 23) |
| 13. additional consideration of pre-existing dispute. (Para 24) |
| 14. corporate debtor's position on pre-existing dispute. (Para 25 , 26 , 27 , 28 , 29) |
| 15. final conclusion of the appeal dismissal. (Para 30) |
JUDGMENT
(Hybrid Mode)
Per: Barun Mitra, Member (Technical)
The present appeal filed under Section 61 of Insolvency and Bankruptcy Code 2016 (‘IBC’ in short) by the Appellant arises out of the Order dated 27.05.2025 (hereinafter referred to as ‘Impugned Ord
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