NCLAT Dismisses Bhushan Power & Steel Insolvency Appeal

NCLAT upholds NCLT order dismissing Bhushan Power's Section 9 insolvency petition against A.G. Pipes.
Appellant failed to meet ₹1 crore threshold as only ₹13.09 lakh debt was attributable to corporate debtor.
Tribunal ruled A.G. Pipes (proprietorship) and A.G. Pipes Pvt Ltd are separate legal entities.
Majority of claimed ₹1.49 crore debt pertained to proprietorship firm, not the corporate debtor.