NCLAT admits Brilliant Metals' appeal against NCLT order rejecting its Section 7 IBC application.
Appeal contests NCLT's finding of no financial debt, citing a split verdict between judicial and technical members.
Appellant argues a 2024 arbitral award separately addressed financial and operational claims, which was not considered.
Tribunal issues notice, sets a schedule for filing replies, and lists the appeal for hearing on July 20, 2026.