NCLAT upholds NCLT order dismissing Section 7 IBC petition filed by Shree Dhanvantari Pharmaceuticals against Konkan Ayur Pharma.
Appeal dismissed as debt of ₹2.26 crore became time-barred with last transaction dated 31.03.2019.
Tribunal finds no merit in partnership authority challenge, ruling majority partners could validly file petition.
Court determines advanced amounts constituted debt but petition was filed beyond limitation period.