Transmission Corporation Of Andhra ... vs Equipment Conductors And Cables ...

The Supreme Court addressed the appeal against the NCLAT's interim order regarding the Corporate Insolvency Resolution Process (CIRP) initiated against the Transmission Corporation of Andhra Pradesh Ltd. The Court emphasized that the NCLAT's decision was based on the prima facie finding that the appellant owed money to the respondent, which was contested by the appellant. The Court upheld the NCLT's dismissal of the respondent's petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, stating that the claims were not maintainable as they were previously subject to arbitration and deemed time-barred.