2026 INSC 410 REPORTABLE IN THE SUPREME COURT OF INDIA CIVIL APPELLATE JURISDICTION CIVIL APPEAL NO. 8247 OF 2022 ANJANI TECHNOPLAST LTD. …APPELLANT(S)

VERSUS SHUBH GAUTAM …RESPONDENT(S)

J U D G M E N T

1. The appellant has preferred this appeal under Section 62 of the Insolvency and Bankruptcy Code, 2016 (“the IBC”), assailing the order dated 01.11.2022 of the National Company Law Appellate Tribunal, Principal Bench, New Delhi (“the NCLAT”) in Company Appeal (AT) (Insolvency) No. 904 of 2022. By that order, the NCLAT set aside the order of the National Company Law Tribunal, New Delhi Bench-IV (“the NCLT”) dated 20.06.2022 and directed the admission of a petition filed under Section 7 of the IBC by the respondent.

2. The respondent is a money lender. On 24.02.2010, he advanced a Signature Not Verified loan of Rs. 2,50,00,000/- to the appellant for a period of two months, Digitally signed by KAPIL TANDON Date: 2026.04.23 Reason:

carrying interest at 12.75% per annum payable on a half-yearly basis. The loan agreement also provided that in the event of default, the appellant would remain liable to pay interest at the stipulated rate. On 31.03.2010, a further loan of Rs. 2,00,00,000/- was