Roma Infrastructures India Pvt. Ltd. Vs. A.S. Iron & Steel (I) Pvt. Ltd. – NCLAT New Delhi

Appellant – Roma Infrastructures India Pvt. Ltd. has not supplied the goods nor provided any services to Respondent- A.S. Iron & Steel (I) Pvt. Ltd. It advanced payment of Rs. 74,32,326/- to Respondent for supply of goods. In view of the aforesaid fact, the payment cannot be treated to be an Operational Debt and the application under Section 9 filed by the Appellant was not maintainable.

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