NATIONAL COMPANY LAW APPELLATE TRIBUNAL

NEW DELHI

Company Appeal (AT) (Ins) No.903 of 2020

IN THE MATTER OF:

Victor Vanya Bandlamudi

…Appellant

C-004, Stellar Kings Court,

F Block, Sector 50,

Noida,

Uttar Pradesh – 0203201

Versus

Mercados Energy Markets India Private Limited

…Respondent

A2, 2^nd Floor,

Block-E, International Trade Tower,

Opposite Satyam Cinema,

Nehru Place,

Delhi – 110019

For Appellant:

Shri Arun Saxena and Ms. Nalini Singh, Advocates

For Respondent:

Shri Sourav Roy, Shri Kaushal Sharma and Shri

Prabudh Singh, Advocates

O R D E R

(Virtual Mode)

12.02.2021

Heard Counsel for both sides. This Appeal arises out of

Impugned Order dated 28^th February, 2020 passed by the Adjudicating

Authority (National Company Law Tribunal, New Delhi Bench – VI) in IB-

3006/ND/2019. By the Impugned Order, the Adjudicating Authority

dismissed the Application filed by the Appellant under Section 9 of Insolvency

and Bankruptcy Code, 2016 (IBC – in short), holding that there was pre-

existing dispute.

2

Company Appeal (AT) (Ins) No.903 of 2020

2.

The Appeal claims and the learned Counsel for the Appellant ha