NCLT admits Section 9 IBC petition against Jay Switches India Pvt Ltd for an operational debt of Rs 1.18 crores.
Respondent made a partial payment of Rs 42 lakhs after receiving a Section 8 demand notice but debt remains above threshold.
Tribunal issues notice on petition maintainability and lists matter for hearing on 02 June 2026.
Respondent's counsel accepts notice and is granted one week to file a reply to the petition.