Claims Of Multiple Operational Creditors Arising From Different Work Orders Can't Be Clubbed Into Single Debt To Cross Threshold Limit: NCLT Chennai

The NCLT, Chennai, has ruled that "claims of multiple operational creditors arising from different work orders can't be clubbed into a single debt to cross the threshold limit." The tribunal's decision clarifies a key procedural aspect of the IBC. The ruling reinforces that the claims of each operational creditor must be considered individually to determine if the threshold limit has been crossed.