NCLAT overturns NCLT order, directs IVRCL liquidator to pay Rs 41.76 lakh to subcontractor Imperial Coastal Infra.
Tribunal rules B2B contract payments are third-party assets, not part of IVRCL's liquidation estate under IBC Section 36(4).
Appellant awarded 9% interest from January 2022 to February 2024 on withheld amount for Andhra Pradesh infrastructure project.