Joint Application U/S 9 Of IBC Not Maintainable If Individual Claims Do Not Meet Threshold Limit U/S 4 Of IBC: NCLAT

NCLAT held joint applications under Section 9 of IBC aren't maintainable if individual claims don't meet the threshold under Section 4. The ruling prevents circumvention of minimum claim requirements through aggregation, maintaining the intended filters for triggering insolvency. This interpretation preserves the balance between creditor access and prevention of frivolous insolvency petitions against corporate debtors.