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2025 Supreme(Online)(NCLT) 8022

NATIONAL COMPANY LAW TRIBUNAL
Sh. Nilesh Sharma, Sh. Charanjeet Singh Gulati, JJ
Shivaami Cloud Services Private Limited – Appellant
Versus
Plurilock Security Private Limited – Respondent


Advocates:
For the Applicant: Adv. Bhavik Salia
For the Respondent: Adv. Tejas Madhavia, CS Riya Jain

Table of Content
1. petition filed for corporate insolvency resolution. (Para 1 , 2 , 3)
2. respondent's assertion of pre-existing dispute. (Para 9 , 10 , 14)
3. analysis of operational debt claims. (Para 28 , 29 , 30)
4. determination of pre-existing dispute. (Para 31 , 32 , 39)
5. final decision on insolvency petition. (Para 46 , 47)

ORDER

1. This Petition has been filed under Section 9 of the Insolvency and Bankruptcy code, 2016 (“IBC”) read with Rule 6 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016 by Shivaami Cloud Services Private Limited, (‘Operational Creditor/Petitioner’) seeking to initiate Corporate Insolvency Resolution Process against Plurilock Security Private Limited, (‘Corporate Debtor/Respondent’) for an Operational Debt of Rs. 2,41,03,807/- (Rupees Two Crores Forty-One Lakh Three Thousand Eight Hundred and Seven only).

Facts as per the Application:

2. The Petitioner is a Private Limited Company primarily involved in the business of providing Google Cloud Platform Services, which is represented by Ms. Hema Rajput, the authorised representative of the Petitioner with its office situated at 1001-1012, R Square, LBS Road, Mulund (West), M

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