NCLAT allows appeal, sets aside NCLT order dismissing Section 9 IBC petition against Sonal Plasrub Industries.
Rules operational debt exceeds ₹1 crore threshold even after excluding disputed $16,766 damages claim.
Finds valid demand notice service via FedEx and no genuine pre-existing dispute over admitted advance payments.
Directs NCLT to initiate CIRP against Sonal Plasrub within 15 days unless full payment is made.