M/S Consolidated Construction ... vs M/S Hitro Energy Solutions Private ...

The Supreme Court addressed the appeal concerning the status of the appellant as an operational creditor under the Insolvency and Bankruptcy Code, 2016. The court analyzed the evidentiary value of the Memorandum of Association (MOA) of the respondent and the applicability of limitation under Section 9. Ultimately, the court upheld the decision of the National Company Law Tribunal, allowing the initiation of the Corporate Insolvency Resolution Process against the respondent.